Steph and Robert speak to Richard Hughes, head of the Office for Budget Responsibility, who has run scenarios on what will happen to the economy as Donald Trump imposes tariffs and the world responds. He also discusses whether the OBR has too much influence over government and stultifies growth,  and how Rachel Reeves’ fiscal “headroom” may be wiped out again very shortly.
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152. Liberation Day: Will Trump’s Tariffs Kill Reeves’ Growth?