The first Labour budget in 14 years is "refreshing" but risky, say the IFS. Rachel Reeves has delivered her maiden budget in the House of Commons. As expected, thanks to leaks and pre-briefing over the preceding week or so, the Chancellor is raising employers' National Insurance, changing capital gains and inheritance tax, and increasing stamp duty. Andrew Marr and George Eaton join Hannah Barnes on the New Statesman podcast to analyse the politics of the Labour budget. They are also joined by Ben Zaranko from the IFS to review the economics. 📚 READ Labour has laid a trap for the Tories https://www.newstatesman.com/politics/labour/2024/10/how-labour-aims-to-trap-the-tories 🙋‍♀️ ASK a question We answer listener questions every Friday. Submit yours at www.newstatesman.com/youaskus 📧 FREE get our daily politics email https://morningcall.substack.com 💷 SAVE Become a New Statesman subscriber: Get access to all our reporting at newstatesman.com and receive your copy of our weekly magazine. Podcast listeners can get the first two months for just £2 at https://www.newstatesman.com/save Hosted on Acast. See acast.com/privacy for more information.