David Miles

Michael Gove, a seasoned politician, shares his insights alongside David Miles from the Office for Budget Responsibility. They delve into Rachel Reeves' recent budget announcement, dissecting the £15 billion in spending cuts and its political ramifications. The discussion highlights the bleak growth forecasts and the impact of welfare reforms. They tackle the moral dilemmas surrounding welfare cuts and the government's heavy reliance on the OBR, raising questions about who truly runs the country and how Labour can drive economic growth.

In this discussion, Katy Balls, Political editor at The Spectator, and David Miles, economist from the OBR, dissect the aftermath of Rachel Reeves's Budget. They explore the mixed reactions, pinpointing key losers and pondering potential winners. The conversation highlights a hefty £70 billion government spending increase and its sustainability concerns. Internal tensions within Labour over fiscal policies are scrutinized, along with the budget's hidden impacts on households, pointing to rising taxes and longer-term financial burdens.

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.