It’s been two days since chancellor Rachel Reeves put a £40bn tax increase at the heart of a plan to fix the country’s “broken” finances and public services, and unveiled a sharp increase in borrowing to fund an extra £100bn of capital spending. But will these measures bolster investment and growth in the UK economy? And what does the Budget tell us about the country’s economic direction over the next five years? The FT’s Lucy Fisher discusses these questions and more with UK political editor George Parker, columnist and host of The Economics Show Soumaya Keynes and economics editor Sam Fleming.

This is a recording of an FT Live subscribers’ webinar, recorded on Friday, November 1.

Follow Lucy on X: @LOS_Fisher, George on @GeorgeWParker, Sam @Sam1Fleming and Soumaya @SoumayaKeynes

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Rachel Reeves has rewritten her fiscal rules on the eve of her seismic first Budget next week. She says her new borrowing rule will help get Britain building, but how will it go down with voters – and the markets? Meanwhile, Sir Keir Starmer is in Samoa, where a debate about reparations for slavery has threatened to overshadow the Commonwealth summit. Plus, the PM has had to grapple with Donald Trump’s allegations of illegal election interference by Labour. Host Lucy Fisher is joined by Political Fix regular Stephen Bush and FT political correspondent Anna Gross, along with the FT’s deputy Washington bureau chief Lauren Fedor.

Will Labour’s budget boost growth? Ask the FT’s economics editor Sam Fleming and colleagues at a Political Fix live subscriber webinar, hosted by Lucy Fisher, on Nov 1 at 1300 GMT. Register for your free pass at ft.com/ukgrowth

Follow Lucy on X: @LOS_Fisher, Stephen @stephenkb, Anna @AnnaSophieGross and Lauren @LaurenFedor

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Presented by Lucy Fisher. Produced by Clare Williamson. The executive producer is Manuela Saragosa. Audio mix and original music by Breen Turner. The FT’s head of audio is Cheryl Brumley.

Read a transcript of this episode on FT.com

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Rachel Reeves’s plans for a tough spending round later this month have sparked a fierce revolt among a raft of cabinet ministers. But will their protests make a difference? Host Lucy Fisher is joined by Political Fix regulars Robert Shrimsley and George Parker to discuss. They also hear from the FT’s chief features writer Henry Mance about the cash-strapped and crumbling English justice system. Plus, the panel considers whether Labour’s investment summit was a success and who is shaping up to win the Tory leadership contest.

Will Labour’s Budget boost growth? Ask the FT’s economics editor Sam Fleming and colleagues at a Political Fix live subscriber webinar, hosted by Lucy Fisher, on Nov 1 at 1300 GMT Register for your free pass at ft.com/ukgrowth

Follow Lucy on X: @LOS_Fisher, George @GeorgeWParker, Robert @robertshrimsley, Henry @henrymance

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Keir Starmer and Rachel Reeves face down cabinet revolt over spending cuts

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David Lammy to raise human rights and support for Russia on China trip

Sign up here for 30 free days of Stephen Bush's Inside Politics newsletter, winner of the World Association of News Publishers 2023 ‘Best Newsletter’ award.

Presented by Lucy Fisher. Produced by Tamara Kormornick. The executive producer is Manuela Saragosa. Audio mix and original music by Breen Turner. Andrew Giorgiades and Rod Fitzgerald were the studio engineers. The FT’s head of audio is Cheryl Brumley.

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