It’s been a tough few weeks for new Chancellor Rachel Reeves. In a speech to the House of Commons on Monday, Reeves declared that despite going in to government with gloomy prospects, the financial inheritance was much worse than she had expected. Naturally, this didn’t go down particularly well with the now Shadow Chancellor Jeremy Hunt, as the two traded barbs whilst invoking the opinions of THE name in British economics - Paul Johnson. Nish and Coco sit down with the man himself, Paul, to talk about how deep the budgetary black hole goes and solutions for how the Government might tax their way out of it, whilst still meeting the difficult manifesto commitment of “no new taxes on working people”. Pod Save the UK is a Reduced Listening production for Crooked Media. Contact us via email: [email protected] WhatsApp: 07494 933 444 (UK) or + 44 7494 933 444 (internationally) Insta: https://instagram.com/podsavetheuk Twitter: https://twitter.com/podsavetheuk TikTok: https://www.tiktok.com/@podsavetheuk Facebook: https://facebook.com/podsavetheuk YouTube: https://www.youtube.com/podsavetheworld Guest; Paul Johnson, Director of the Institute for Fiscal Studies. Useful links: Pod Save the UK, Live! https://tickets.edfringe.com/whats-on/pod-save-the-uk-live PSUK YouTube: https://www.youtube.com/@PodSavetheUK Audio clips: Parliament.TV Instagram / James Cleveley Learn more about your ad choices. Visit megaphone.fm/adchoices

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“What did the council decide on item 42?” — answered with the speaker and the moment.