Podcast Episode

Two elections and a Budget

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UK Chancellor John Healey delivered his first Budget this week, giving some relief to households worried about their energy bills and managing to maintain credibility will the markets. But there are questions about whether implied spending cuts can be made in a few years and Deputy Chief UK Economist Ruth Gregory discusses whether the plans are credible. Has Healey left himself too much to do next year? 

The Brazilian election result prompted market falls as investors were surprised by a victory for the incumbent President Lula over the challenger Flavio Bolsonaro, who had won the first round of voting. And in Israel there's uncertainty as we're still some way from knowing what the governing coalition will look like. We'll be hearing about the market reaction to both elections with Senior Emerging Markets Economist Liam Peach.