The UK economy is at the heart of our discussion today after UK’s finance minister Jeremy Hunt last week unveiled a budget plan to save 55 billion pounds a year to fix the country’s public finances. 

With almost half of the belt-tightening due to come from tax hikes, to what extent can households withstand such measures as surging inflation continues to erode incomes?

Back in Asia, Japan saw its core inflation figure come in at the highest level in 40 years. What would this mean for markets with Bank of Japan governor Haruhiko Kuroda standing firm on the country’s ultra-loose monetary policy?

On Market View, Prime Time’s finance presenter Chua Tian Tian sat down with Craig Erlam, Senior Market Analyst, UK & EMEA at OANDA for more.