Parliament is about to go into recess for the Easter holiday and so – as is customary – Keir Starmer sat in front of the Liaison Committee this afternoon, where he was grilled on topics including tariffs, defence and welfare.

This comes on the day when there has been a momentary reprieve in the markets, which experienced a modest bounce – most likely as a result of suggestions from Trump that he is willing to negotiate with China. Markets seem to have priced in that these tariffs could be negotiated down, but that is of course a big 'if'. The question remains for Keir Starmer: what more can he do to protect the UK against economic meltdown? And will he have to break his fiscal rules to do so?

Oscar Edmondson speaks to Isabel Hardman and Michael Simmons.

Produced by Oscar Edmondson.