Treasury update reveals bleaker picture than predicted

16/12/2025 9 min
Treasury update reveals bleaker picture than predicted

Listen "Treasury update reveals bleaker picture than predicted"

Episode Synopsis


Nicola Willis is doubling down on her strategy for getting the government's books back in order - even as new forecasts show yet another delay to that plan. Treasury officials unveiled their half-year update this afternoon - revealing a bleaker picture than last predicted - and no sign of a surplus this decade. A year ago they were predicting a surplus by 2029 - now they're picking 2030. Acting political editor Craig McCulloch spoke to Lisa Owen.