麻豆社

The independent economic think tank, the Institute for Fiscal Studies (IFS), has been looking at the budget in more detail and at some of the changes that will be announced in the next few months.

Paul Johnson, the Director of the IFS told The World at One that the potential for growth in earnings had been "dreadful" over the last decade and "to have no growth in earnings in such a long period is pretty much historically unprecedented."

(Photo: The Chancellor holding the budget red box Credit: Getty Images)