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Trump undermines Rachel Reeves' big day
Published 1 year, 1 month ago
Description
Sky News' Sam Coates and Politico's Anne McElvoy debrief on Rachel Reeves's spring statement - with the added twist of Donald Trump's 25% tariffs on all imported cars.
The chancellor has planned to get her fiscal headroom back to £9.9bn with warnings that her buffer looks too small against global events - and, right on cue, the US president has upped his trade war.
So is the economy stuck in a "doom loop" or is there a narrative that things could still "go okay" for Labour? Sam and Anne also discuss the re-emerging rumour that the prime minister is on the lookout for a senior economics adviser - and if the Labour rebellion gets bigger and louder with those harsher welfare cuts.
The chancellor has planned to get her fiscal headroom back to £9.9bn with warnings that her buffer looks too small against global events - and, right on cue, the US president has upped his trade war.
So is the economy stuck in a "doom loop" or is there a narrative that things could still "go okay" for Labour? Sam and Anne also discuss the re-emerging rumour that the prime minister is on the lookout for a senior economics adviser - and if the Labour rebellion gets bigger and louder with those harsher welfare cuts.