Sunak's Budget Expected to Hold Back on Big Spending

The video discusses the expectations from Rishi Sunak's budget, focusing on the challenges posed by inflation and the potential economic risks. It highlights the need to address the cost of living crisis through measures like raising the national minimum wage and public sector wages. The video also emphasizes Sunak's commitment to fiscal responsibility and his plans to delay significant spending until closer to the next election.

What is the significance of the phrase 'big rabbit out of the hat moment' in the context of the budget?

Why is Rishi Sunak likely to avoid big spending announcements in his budget?