Summary
The article discusses a new government budget that raises taxes, which Prime Minister Keir Starmer claims will help reduce child poverty. Experts say the changes could lead to a decrease in household spending power.
Key Facts
- The UK government announced a new budget that includes tax increases.
- Prime Minister Keir Starmer says the budget aims to reduce child poverty.
- The Institute for Fiscal Studies (IFS) noted that household spending power may decrease due to the budget.
- The report is part of a discussion on a Newscast episode featuring financial and economic experts.
- Newscast is a BBC program that analyzes political news.
- The episode includes input from Claer Barrett, Consumer Editor at the Financial Times, and Helen Miller from the IFS.
- The conversation is available on smart speakers and the Newscast online community for further engagement.
