How will Labour fill the surprise £20bn ‘black hole’?

<div>The Chancellor Rachel Reeves has today been providing covering fire for a raft of unpopular policies, including changes to the winter fuel allowance and cancellations to various building projects. She gave a damning statement in the Commons earlier this afternoon about the economic situation that Labour have inherited from the Tories.<br><br>We now know that the first budget will come at the end of October. Is she laying the foundations for more unpopular decisions? Is the Starmer honeymoon over? <br><br>Oscar Edmondson speaks to Katy Balls and Kate Andrews. <br><br>Produced by Oscar Edmondson. </div><p>Become a <em>Spectator </em>subscriber today to access this podcast without adverts. Go to <a href="https://www.spectator.co.uk/follow-your-podcasts/" rel="noopener noreferrer" target="_blank">spectator.co.uk/adfree</a> to find out more.</p><br><p>For more <em>Spectator</em> podcasts, go to <a href="https://www.spectator.co.uk/podcasts/" rel="noopener noreferrer" target="_blank">spectator.co.uk/podcasts</a>.</p><br><p>Contact us: [email protected]</p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>