Rachel Evans, Managing Editor for Foreign Exchange and Rates at Bloomberg, and Dan Hanson, Chief UK economist at Bloomberg, dive into the recent turmoil in the UK markets. They discuss the surging government borrowing costs and the looming political implications for Rachel Reeves. The conversation covers investor confidence, the impact of quantitative tightening, and the challenges of navigating austerity measures. Together, they unravel how economic stability intertwines with political decisions and what this means for the UK’s financial future.

Dan Hanson, Bloomberg's Chief UK economist, delves into the UK’s rising inflation rates, which recently hit 2.3%. He discusses the factors driving this increase and its potential to escalate further. Joe Mayes sheds light on the Labour government's concerns about how inflation could impact their political standing ahead of elections. The conversation also touches on the hidden workforce and discrepancies in employment data, highlighting how these elements complicate the current economic landscape and government policy decisions.

Dan Hanson, Bloomberg's Chief UK Economist, and John Stepek, 'Money Distilled' columnist, dive into the landmark budget delivered by Chancellor Rachel Reeves. They discuss significant tax changes, including increases in national insurance and capital gains tax, and their implications for businesses and individuals. The pair highlights a massive £100 billion commitment to capital spending, focusing on green initiatives and healthcare. They also analyze the potential effects on small businesses and the economy, while discussing NHS funding increases and fiscal strategies.