Rachel Reeves' first statement as the new Chancellor has kicked off a huge political row. She accused her predecessor Jeremy Hunt of lying about the 'true state' of the UK's finances - and he hit back calling her ‘shameless’. So was there actually a ‘cover up’ by the previous government? And the big question: Does this mean higher taxes?

This podcast was brought to you thanks to the support of readers of The Times and The Sunday Times. Subscribe today: http://thetimes.com/thestory

Guest: Mehreen Khan, Economics Editor, The Times.

Host: Luke Jones.

Producer: Olivia Case.

Clips: Parliament TV, Sky News, Times Radio.

Further listening: Labour: Meet Starmer's top advisors

Further reading: 'Is Rachel Reeves right to rule out China tariffs?' by Mehreen Khan

Get in touch: [email protected] 

Find out more about our bonus series for Times subscribers: 'Inside the newsroom'

This podcast was brought to you thanks to subscribers of The Times and The Sunday Times. To enjoy unlimited digital access to all our journalism subscribe here.

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