The director of the Institute for Fiscal Studies Paul Johnson says Chancellor Jeremy Hunt had “very little room for manoeuvre” in his Budget as he was “right up against his own fiscal targets”.
Report by Ajagbef. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Report by Ajagbef. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Category
🗞
NewsTranscript
00:00 Well, this was a pre-election budget from a Chancellor who had incredibly little room for manoeuvre.
00:05 We knew he was right up against his own fiscal targets.
00:09 Nothing changed really between November and now in terms of the forecasts.
00:13 He had very little money to spend.
00:16 He got himself a little bit more from some small tax rises.
00:19 That left him with just about enough space to cut National Insurance
00:23 and not much space, in all honesty, to do much else.