In our first ever live episode, we're going to look at how Rachel Reeves can make her first Budget a success.

It will have been 117 days since Labour took power before we finally hear what is in the Budget - in that time we’ve heard about £22bn 'black holes' and the difficult economic situation the UK faces. We’re going to think a bit about some of the challenges facing the Chancellor, what she can learn from previous Budgets and how she can navigate these complexities.

Paul is joined by colleague Helen Miller, Deputy Director at IFS, Lord Stewart Wood, a Labour peer and former member under Tony Blair’s government of the Chancellor of the Exchequer's Council of Economic Advisers, and Stephen Bush, associate editor and columnist at the Financial Times.

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00:00 The Treasury's Budget Deadlines
00:18 Introduction
02:54 Fiscal Situation and Economic Choices
05:11 Political Strategies and Risks
08:25 Labour's Promises and Public Expectations
12:05 Taxation and Public Spending Dilemmas
26:40 National Insurance Contributions Debate
27:45 Election to Budget Timeline
29:41 Speculations and Expectations Management
30:38 Budget Secrecy and Leaks
32:36 Historical Budget Comparisons
35:05 Treasury Ruses and Strategies
38:02 Final Thoughts and Predictions

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