Kwasi Kwarteng, the Chancellor, presented a mini-Budget today (23 September) whose centrepiece was the biggest tax cuts in decades in an attempt to stimulate the economy. Anoosh Chakelian, Rachel Wearmouth, Rachel Cunliffe and Emma Haslett take us through the announcements that shocked the House of Commons.
They discuss how these ideological policies will disproportionately benefit the rich; the UK’s precarious financial position as borrowing costs jump; and whether this is a departure from the last twelve years of Tory rule, as was suggested by Rachel Reeves, the shadow chancellor.
In You Ask Us, the team answer Rachel Cunliffe’s question: does this now mean that a post-2009 graduate on £50,000 a year will pay a higher marginal tax rate (including student loan repayments) than someone on £200,000 who went to university for free before tuition fees were introduced?
If you have a question for You Ask Us, email podcasts@newstatesman.co.uk
Podcast listeners can subscribe to the New Statesman for just £1 a week for 12 weeks using our special offer. Just visit newstatesman.com/podcastoffer.
How to listen to the New Statesman Podcast
1. In your browser
You can use the player above to listen in your browser right now. The subscriber edition of the New Statesman Podcast is published here every Monday and Thursday. Why not bookmark this page? You can come back for new episodes twice a week.
2. In a podcast app
The public feed of the New Statesman Podcast is available on all major podcast apps including Apple Podcasts, Spotify, Acast, Google Podcasts, and more. It publishes a day later than this subscriber edition. Search “New Statesman Podcast” in your favourite podcast app.
3. On your smart speaker
If you have an Amazon Echo, Google Home or Apple HomePod smart speaker, ask it to “play the latest episode of the New Statesman Podcast“. This will play the latest episode in the public feed. The same command also works with virtual assistants on mobile devices.