Don't call it a budget - but it is the biggest budget intervention we've seen in decades, largely at odds with what twelve years of Conservative Chancellors have told us.
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The Office of Budget Responsibility was stopped from publishing forecasts it had been working on, so the test of whether it is responsible was largely left to the financial markets.
The Chancellor claims he's unleashing "the power of the private sector".
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(Subscribe: https://bit.ly/C4_News_Subscribe)
The Office of Budget Responsibility was stopped from publishing forecasts it had been working on, so the test of whether it is responsible was largely left to the financial markets.
The Chancellor claims he's unleashing "the power of the private sector".
-----------------------
Follow us on Instagram - https://www.instagram.com/Channel4News
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Francisco Gimeno - BC Analyst The new UK Chancellor is a Thatcherist. Big cut taxes, government out of business and support private enterprises by leaving them alone. How is then that the Pound falls? Should not be the contrary? Well, there are internal and external factors. The energy crisis, the strengthening of the USD, the global shifts, even the change at the helm of the U.K. are external factors. But also financial markets are not very sure about the unleashing of the private sector in a society and.... and we leave it to the podcast to tell you why. It is time for people to accept the dangers to the economy (and our ways of life) we are living everywhere.