Labour budget: are we heading for austerity?

In this insightful discussion, Paul Mason, a journalist and columnist for The New European, dives into Labour's upcoming budget after 14 years. He explores how the budget may challenge the party's promises regarding taxation for working individuals. Mason raises critical questions about austerity, the fiscal strategy’s compatibility with conservative rules, and the urgent need for investments in the UK economy. The conversation reveals potential impacts on wages and the delicate balance Labour faces in restructuring the economy.