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Hello, welcome to coffee house shots.

I'm James Heel and I'm joined today by Katie Balls and Kate Andrews. Now today saw the first

big speech by the new Chancellor Rachel Reeves, the first female

Chancellor in history at Katie Unferr last week. What'd you make of her first

big speech in office? In some ways expected because labour has been talking about growth.

We know that the manifesto centered a lot around growth, which is a convenient way of

Kistama and Rachel Reeves not having to get into the detail of what might happen

if as I of S has pointed out some really difficult decisions coming down the track on spending

and on public services. So if you can point to growth as what's going to suddenly

emerge and allow you to have all this space to do the things you want and the

promises you've made, great. And I think also it was quite clear that Rachel Ruiz wants to wait until the autumn to have the budget.

She is going through the OBR route.

Not the List Trust route.

I mean I think she always would have done but particularly since Liz

Truss label want to pitch themselves as the complete opposite of the Liz

trust regime and there for stability is the number one and you're not going to

get there might be some small surprises, but generally they're not going for a shock and all approach to government.

If anything, they want to be very predictable just in the sense of what they say they'll do, they'll do, maybe they're over-delivery, they're lucky.

And therefore I think it meant one of the things that they would do before we get to the autumn

...