Trick or Treat: The OBR's View of Reeves's Big Plans

David Miles, a key member of the Office for Budget Responsibility, shares valuable insights on the UK's economic outlook following Rachel Reeves' substantial tax rise announcements. He delves into the implications of a £70 billion increase in government spending, equating to around £1,000 per person. The conversation covers the impact of this spending on economic growth and inflation, the balancing act between public investment and private sector consumption, and the challenges posed by rising borrowing costs. It's a thought-provoking analysis of the UK's fiscal future.