Dr Emma Howard

speaker

282 appearances 4 recordings 1 series first heard Apr 2026 last heard 25 Aug

Dr Emma Howard’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 4 in all, peaking in Apr 2026 with 2.

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Today with David McCullagh · Fiscal watchdog critical of Government's budget plans · 25 Aug 2026 podcast

So you get a small relief immediately, but you pay for it in the longer term.

So further down the line, six months a year later, the overall cost of living is going to increase.

And so you're worse off than you were had they not cushioned all of those cost increases.

Yes, and and that's true.

And you know, that that is the issue that, you know, what is uh economically prudent is not always politically popular.

And you know, we've we've seen this this week, of course, with you know the those planned uh increases in in excise.

Um, you know, the undoing of some of those universal measures uh has has now been delayed.

And um, you know, that's I suppose in response to

pressure from the opposition and perhaps the the fear of of fuel protests.

But you know it it is important that like we look at how um how how unsustainable this level of spending is.

So you know if you look at um our our spending in 2025 increased by 9.3%, that was one of the fastest uh growth in spending in the EU.

And

And now as you mentioned.

what we're doing is we're growing spending at this um very unsustainable rate.

while increasingly increasingly relying on a small number of foreign US multinational firms as our source of revenue.

So our tax base, which was already quite narrow, has been narrowed by the government again in the last budget with their cuts on the VAT rates on the hospitality sector.

And we're really all our tax revenue is coming from more or less three sources VAT

the income tax and corporation tax.

And again, we've evidenced recently that income tax base is also quite narrow because a lot of that income tax is paid by workers who work in these foreign multinational firms.

Yes.

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