What Does U.K.'s Sunak Have in His Red Briefcase?

The video discusses the potential for a jobless recovery, where GDP may recover but unemployment remains high. The Resolution Foundation highlights that low-paid workers are at risk of job loss. The Chancellor's budget is expected to focus on job and income support, which will increase public borrowing. Rishi Sunak faces the challenge of managing public finances without hindering economic recovery. A rise in corporation tax is anticipated by the next election. The video also explores consumer behavior in response to potential tax rises and the impact of the UK's vaccine rollout on economic forecasts by the OBR.

What is meant by the term 'jobless recovery' as mentioned in the text?

According to the Resolution Foundation, which group of workers is most likely to lose their jobs in the next three months?

What are the potential implications of a rise in corporation tax by the next general election?

How might premature fiscal tightening affect the economic recovery according to economists?

What role does the Office for Budget Responsibility (OBR) play in the context of the UK's economic recovery?