The challenges facing the Chancellor

The UK economy faces a series of challenging headwinds - high inflation, higher energy prices and a 'terms of trade' shock. These are squeezing household budgets and pushing up the cost of living. The adverse market reaction to the Chancellor's 'mini-budget' on the 23rd September has created further difficulties.

In this year's Green Budget, our flagship annual report funded by the Nuffield Foundation in partnership with Citi, we explore the Chancellor's options for achieving fiscal sustainability.

We speak with Carl Emmerson, IFS Deputy Director, and Ben Nabarro, Chief UK Economist at Citi, to take a broad view of the UK economy and the public finances, and see what a path forward might look like.

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