Rachel Reeves unveiled billions of pounds of investment today for transport and infrastructure projects, as Labour attempts to demonstrate that next week’s spending review is not just about departmental cuts. However, most of the political noise today has centred on her announcement that the winter fuel cut will be reversed by the end of the year. But what does this all mean for the average voter, for the Chancellor’s fiscal headroom – and why is the government still blaming its own ‘fiscal rules’?

James Heale and Michael Simmons join Lucy Dunn to unpack the Chancellor’s announcements and explain the economic jargon, plus a look at today’s PMQs.

Produced by Patrick Gibbons and Oscar Edmondson.

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