Labour’s shadow chancellor Rachel Reeves reacts, after the government announces tax rises and a spending squeeze, as well as money for schools and the NHS.

She’s also quizzed on what her party would do differently.

Following her, host of Radio 4’s Money Box Live Adam Shaw, with maths teacher and podcast host Bobby Seagull. The two cast their expert eyes over the chancellor’s workings out.

This episode of Newscast is presented by Adam Fleming and the BBC’s political editor Chris Mason. It was made by Chris Flynn and Danny Wittenberg. The editor is Jonathan Aspinwall.