In The City: UK Chancellor of the Exchequer Rachel Reeves has delivered her Spring Statement, and Bloomberg Chief UK Economist Dan Hanson and senior reporter Phil Aldrick join host Allegra Stratton to share their assessment.

Aldrick posits that it wasn't "quite the horror show that some people were fearing" because restoring Britain's fiscal headroom didn't require severe public service and welfare cuts. But Hanson notes that even so, she's left herself little room to manoeuvre for the unexpected.

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In The City: Rachel Reeves Calms Some Nerves