Rachel Reeves' first budget: What can we learn from historical budgets?

Deputy Director João Sousa joins FAI economist Hannah Randolph to discuss our expectations for the budget statement on Wednesday as well as what we can learn from past chancellors' first budgets and the role of the OBR in the budget process. To read more about past chancellors' first budgets, check out the details here: https://fraserofallander.org/publications/uk-budget-preview-3-first-budgets-of-post-war-chancellors/Participants Dr Hannah Randolph, Economics Fellow, Fraser of Allander Institute, University of Strathclyde Dr João Sousa, Deputy Director, Fraser of Allander Institute, University of StrathclydeTime stamps(0:20) What do other chancellors' first budgets tell us about what to expect in Rachel Reeves' first budget statement?(6:00) What historical budgets happened in similar conditions to the present and what can we learn from them?(10:24) How has the role of the OBR in the budget process changed over time?(17:20) What do we expect in the budget statement on Wednesday?