Rishi Sunak insists 'our plan is working' after Budget tax cuts

The transcript discusses the economic challenges faced due to COVID-19 and the Ukraine war, highlighting improvements in inflation, wages, and energy bills. It explains the government's tax cuts, particularly for those earning around £35,000, and addresses concerns about their impact on lower-income groups. The discussion also covers increased funding for local councils and community investments. Politically, the transcript touches on the Conservative Party's efforts to retain support in key areas and outlines plans for the upcoming general election.

What were the main challenges mentioned that affected the economy in recent years?

• Technological disruptions and cyber attacks

• Natural disasters and climate change

• COVID-19 and the war in Ukraine

• Brexit and trade wars

How much is the tax cut for someone earning an average wage of £35,000?

• £1,100

• £500

• £700

• £900

What is the expected pay rise for those on the National Living Wage?

• £2,000

• £1,800

• £1,500

• £1,000

What percentage increase in funding will local councils receive this year?

• 12.5%

• 10%

• 7.5%

• 5%

What is the speaker's stance on the timing of the general election?

• It will be postponed to next year

• It will be in the second half of the year

• It will be in the first half of the year

• It will be in May