| Tuesday 22 June 2010 at 10.30pm on BBC Two Presented by Jeremy Paxman Chancellor George Osborne has delivered the toughest package of tax increases and spending cuts in a generation and tonight we'll examine what it means for our economy, our politics and society. Our economics editor Paul Mason will analyse what the budget means for the economy. David Grossman and Michael Crick will consider the political implications. Jackie Long will be in Teesside to report on how the measures are being received in an area heavily dependent on the public sector for jobs and looking at whether the private sector is ready to take up the slack. The region will be hit disproportionately by spending cuts. Jackie will be asking whether the new smaller state can help stimulate economic growth and enterprise. Jeremy will also be talking to the Chief Secretary to the Treasury Danny Alexander in the studio. With big cuts in public spending and some benefits, VAT going up to 20% and income tax allowances increased taking almost 900,000 people out of income tax altogether, there will be lots to talk about. Jeremy will be joined by some of the biggest names in politics and economics to chew over the day's announcements. Do join him at 10.30pm on BBC Two | 
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