Rachel Reeves has delivered her second Budget — and it’s one of the most politically significant moments of Labour’s new government. In this episode, we break down every major measure, from the 24 tax rises to the abolition of the two-child benefit cap, the mansion tax, frozen income tax thresholds, and the new pay-per-mile charge for EVs.

We analyse:

• How Labour MPs reacted in the chamber
• What the markets think (and whether that lasts)
• Whether this is a politically risky “tax to fund welfare” moment
• How the public will respond
• Growth strategy concerns… and the lack of a long-term economic story
• Kemi Badenoch’s budget response — and whether she just saved her leadership chances
• What happens next: reform, migration, growth and the road to the May elections

This is your full breakdown of what the Budget means for Labour, for the Conservatives, for the markets — and for you.

If you enjoy political analysis, hit subscribe and join us for weekly episodes covering UK politics, government strategy, policy and power.

Hosted on Acast. See acast.com/privacy for more information.