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Sky News’ Sam Coates and Politico’s Anne McElvoy debrief on Rachel Reeves’ spring statement – with the added twist of Donald Trump’s 25% tariffs on all imported cars.
The chancellor has planned to get her fiscal headroom back to £9.9bn with warnings that her buffer looks too small against global events – and, right on cue, the US president has upped his trade war.
So is the economy stuck in a «doom loop» or is there a narrative that things could still «go okay» for Labour?
Sam and Anne also discuss the re-emerging rumour that Prime Minister Sir Keir Starmer is on the lookout for a senior economics adviser – and if the Labour rebellion gets bigger and louder with those harsher welfare cuts.
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