Want to create an interactive transcript for this episode?
Podcast: Pod Save the UK
Episode: Austerity 2.0: can Reeves cut her way to growth?
Description: First the good news: we might just manage to build a lot of new houses. And the bad news? Millions of people will be worse off and about fifty thousand children will be pushed into poverty by welfare reform.Nish and Coco unpack Rachel Reeves’ Spring Statement with the help of economist James Meadway, former advisor to John McDonnell. It was pretty bleak stuff from Reeves: the world is scary, growth is low, and cuts are coming. All with a strong whiff of austerity 2.0.The Chancellor says her fiscal rules are “non-negotiable”. But James has an alt...