Chancellor of the Exchequer Hammond to Deliver Statement

The video discusses the deterioration of public finances, with potential borrowing of up to £100 billion over five years. It explores Hammond's fiscal policies, including investment spending and infrastructure projects. The impact of inflation on households and potential policy responses are examined. Economic forecasts post-Brexit are considered, with a focus on GDP and inflation. The video concludes with a discussion on the future of budget statements, suggesting a shift to a single annual fiscal event.

In what ways could the government respond to the high inflation expected next year?

What are the potential consequences of the UK's economic performance post-Brexit as discussed in the text?