New chancellor, new rules

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/ukgrowthFollow Lucy on X: @LOS_Fisher, Stephen @stephenkb, Anna @AnnaSophieGross and Lauren @LaurenFedorWant more?  Rachel Reeves confirms change to UK fiscal rules to help fund £20bn of annual investmentRachel Reeves: My fiscal rules will provide the stability on which growth dependsKeir Starmer flies to Samoa to answer tricky questions from Commonwealth alliesDonald Trump accuses UK Labour party of interference in White House race Labour paid for top Starmer aide to attend Democratic National ConventionA Trump victory would end ‘normal’ politics between UK and USSign 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 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 Hosted on Acast. See acast.com/privacy for more information.