Is Rachel Reeves trapped by her fiscal rules?

This week Rachel Reeves announces more spending cuts in order to meet her fiscal rules, and the OBR’s verdict on her ‘fiscal headroom’. But what was the original purpose of ‘the fiscal rules’ and has Reeves learned the lessons from past Labour chancellors? Some context in a week that could doom a landslide government to being trapped rather than liberated by a chancellor’s ‘ironclad’ rules.Rock & Roll Politics is live at the main concert hall in Kings Place on May 8th. Tickets here.Subscribe to Patreon for live events, bonus podcasts and to get the regular podcast a day early and ad free. Written and presented by Steve Richards. Learn more about your ad choices. Visit podcastchoices.com/adchoices Hosted on Acast. See acast.com/privacy for more information.