Chancellor Rachel Reeves has been in Washington D.C. this week at the IMF’s spring meetings, and will meet US Treasury Secretary Scott Bessent tomorrow. Cue the ususal talk of compromising on chlorinated chicken. Not so, reports the Spectator’s economics editor Michael Simmons, who explains that Reeves may offer a reduction in long-standing tariffs already imposed on American cars. But, it’s been a bad week of economic news for the Chancellor as the IMF downgraded the UK’s growth forecast.

We’re also one week away from the local elections – Starmer’s first big test since last year’s general election. The economy isn’t usually the number one issue at local elections but, as More in Common’s Luke Tryl explains, the cost of living crisis is still very much alive in voters’ minds. And, while Reform look set to have a good night, the economy is not their strongest policy area. What should we look out for on the night?

Michael and Luke join Lucy Dunn to discuss.

Produced by Patrick Gibbons.  

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