Nicola Willis discusses Pre-election Economic and Fiscal Update

Higher tax revenues are helping the Government's books, with the Treasury yesterday unveiling rosier than expected forecasts. The Pre-election Economic and Fiscal Update is picking a return to surplus in the 2028/29 financial year, with deficit predictions also lower in the years leading up to it. Treasury says uncertainties remain, particularly from the risk of further oil shocks from the Middle East conflict. And longer term Treasury Secretary Iain Rennie said the country's financial position is "unsustainable" because of the aging population. Finance Minister Nicola Willis spoke to Ingrid Hipkiss.