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Can budgets transform economies?
Publisher |
BBC
Media Type |
audio
Podknife tags |
Business
News & Politics
Categories Via RSS |
Business
News
Publication Date |
Oct 30, 2024
Episode Duration |
00:26:27

The UK’s new Labour government has announced its first budget with big tax rises it says are needed to restore public services. Rahul Tandon examines whether a single budget has the power to transform an economy, and the challenges facing many high-income countries as they wrestle with budget holes and high debt.

Elsewhere, embattled car giant Volkswagen reports a drop in profits, coming soon after reported layoffs and plant closures. Also, the Bank of Japan is set to announce interest rates, the first meeting since the country’s snap election.

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