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“Probably the single most ambitious thing about economic devolution that this country has ever seen” Economist Lord O’Neill says Rachel Reeves’ announcement on giving regional bodies more spending powers over income tax is “fabulous news” and has been overlooked #Peston

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On today's episode of Politics at Sam and Anne's... 🔴 Rachel Reeves has said this morning that the UK's shock economic shrinkage is 'disappointing'. How much will this overshadow yesterday's spending announcement? Tap to listen to Sam Coates Sky and @AnneMcElvoy analysis 👇
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On today's episode of Politics at Sam and Anne's... 🔴 Rachel Reeves has said this morning that the UK's shock economic shrinkage is 'disappointing'. How much will this overshadow yesterday's spending announcement? Tap to listen to Sam Coates Sky and @AnneMcElvoy analysis 👇

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Government borrowing - the difference between spending and income from taxes - has fallen to the lowest number in three years. Treasury officials said it showed that Chancellor Rachel Reeves' plan is working. But economists have warned that the good news is likely temporary - if the economic fallout from the Middle East war continues and inflation picks up, the cost of borrowing will increase again.
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Government borrowing - the difference between spending and income from taxes - has fallen to the lowest number in three years. Treasury officials said it showed that Chancellor Rachel Reeves' plan is working. But economists have warned that the good news is likely temporary - if the economic fallout from the Middle East war continues and inflation picks up, the cost of borrowing will increase again.

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Why has Anas Sarwar not faced a single question from the BBC on possible tax increases from Rachel Reeves? He's Starmer's man in Scotland. Last year he smugly pledged he *wouldn't* raise income tax. Scotland is facing a £1bn cut. Does his pledge still hold? Why is it only John Swinney and Shona Robison who've been quizzed by the BBC?
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'This is good news for people wanting to get on the housing ladder and people remortgaging.' Chancellor Rachel Reeves MP says the interest rate cut is due to the 'stability' that Labour has brought to the economy. 📺 Freeview 236, Sky 512, Virgin 604
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'This is good news for people wanting to get on the housing ladder and people remortgaging.' Chancellor Rachel Reeves MP says the interest rate cut is due to the 'stability' that Labour has brought to the economy. 📺 Freeview 236, Sky 512, Virgin 604

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