Autumn Budget: Tory MP Mark Garnier reacts

The video discusses the recent budget, focusing on expectation management, tax changes, and their impact on businesses and the public sector. It highlights concerns about rising National Insurance contributions and the national living wage, which could strain small businesses. The video also examines changes in fiscal rules, potential oversupply of bonds, and the risk of rising mortgage rates. Political commentary on Labour's actions and the importance of understanding public finances are also covered.

What is one of the relief measures mentioned in the budget?

• Increase in National Insurance contributions

• Reduction in council tax

• Increase in public sector wages

• Freezing of fuel duty rises

How might the changes in fiscal rules affect the bond market?

• Increase in bond prices

• Stability in mortgage rates

• Decrease in bond yields

• Oversupply of bonds leading to higher yields

What is a potential risk associated with the budget changes?

• Lower public sector wages

• Stable bond market

• Rising mortgage rates

• Decreasing cost of living

What criticism is made about the government's financial management?

• They anticipated all liabilities

• They have increased the cost of living

• They are rewriting history aggressively

• They have reduced public sector pay

What is the concern regarding the gilt market?

• Unlimited borrowing capacity

• Limited bond issuance

• Stable gilt yields

• Decreasing public sector debt