This week: the Chancellor’s Budget dilemma.

‘As a former championship chess player, Rachel Reeves must know that the first few moves can be some of the most important of the game,’ writes Rupert Harrison – former chief of staff to George Osborne – for the cover of the magazine this week. But, he says, the truth is that she has played herself into a corner ahead of this month's Budget, with her room for manoeuvre dramatically limited by a series of rash decisions. Her biggest problem is that she has repeatedly ruled out increases in income tax, national insurance and VAT. ‘So which taxes will rise, given that the easy options have been ruled out? The answers appear to be evolving rapidly when ministers are confronted with the OBR’s harsh reality.’ Rupert joined the podcast alongside The Spectator’s economics editor Kate Andrews. (01:29)

Next: Charlie Falconer and Charles Moore debate assisted dying. As Kim Leadbeater’s private member’s bill comes before the Commons, the former justice secretary Lord Falconer (who introduced a similar bill to the Lords) and The Spectator’s chairman Lord Moore debate assisted dying. The full conversation can be found on SpectatorTV but we have an extract from their conversation on the podcast. (19:01)

And finally: In his Books & Arts lead, Philip Hensher reviews Peter Parker’s history of homosexuality from 1945 to 1967, revealing many of the era’s bizarre and, at times, amusing speculations. They both join the podcast to discuss the demonising of homosexuals in postwar Britain and the role of the tabloids in stirring up fear and distrust. (33:26)

Hosted by William Moore and Lara Prendergast.

Produced by Oscar Edmondson and Patrick Gibbons.