lizzie: leyba made some major promises. no tax hikes on working people whoever they are and we are expecting to see how far rachel reeves is willing to stretch this whole. expecting revenue including a rise in contributions for employers which would raise 20 million pounds. labor had no plans to increase taxes but the point is rachel reeves really wants to make sure spending is covered. for the longer term she laid the groundwork for a change, 70 billion pounds over five years and the question is the extent to which she can grow the economy. thom: whatever they say will be consequential. that leads to a question about the bank of england given their next meeting. lizzy: we have to ask whether the hammering they took was the extent of it? we do not want a repeat. it comes back to whether they see the budget growing or squeezing. economists reckon that there will be fiscal loosening, boe will take rates lower slower despite andrew bailey dabbling in this prospect, interesting. leyba could frame this as they need to stay in of