Why are households worse off after the budget?

Mark and Pete

Become a supporter of this podcast: https://www.spreaker.com/podcast/mark-and-pete--1245374/support.This was a Budget where the chancellor attempted to portray himself as a careful, cautious custodian of the economy.
The National Insurance fall, alongside the same cut a few months back, amounts to a big tax cut.
But there was nothing wildly surprising in what Jeremy Hunt had to say, no fireworks that are likely to instantly transform the Conservatives' prospects.