Want to create an interactive transcript for this episode?
Podcast: Beyond Currency
Episode: 24th March 2022 - Living standards to plummet
Description: "The Chancellor delivered his Spring Statement to Parliament yesterday. The measures that had been carefully leaked were delivered but despite those, Rishi Sunak tried to prepare the country for worse economic news to come as the standard of living in the UK is set to fall to its lowest level since records began.
Sunak said that the post-Pandemic recovery had been blown off course by the war in Ukraine, although he did hold out the carrot of a tax cut in 2024 when, he says, the economy will be in better shape.
The cut in the basic rate of income tax...