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zero carbon generation at edf energy.com slash helping Britain. Welcome to the New Statesman Podcast. I'm Deputy Editor Helen Lewis and this week I talk to Stephen Bush and George Eaton about the fiscal charter, whatever that is, and a very stormy meeting of the PLP.

Then Anal Escovitz talks to Kate Mossman about her

blockbusting interview with Terence Trent Derby who says he died when he was

27.

It's been another turbulent week for Labour with a reversal by John McDonnell

and whether or not they would vote in favour of Osbourne's fiscal

responsibility charter. I'm joined by Stephen Bush, our Stagger's editor and

our politics editor George, to explain exactly what's going on.

Stephen, let's start with the fiscal responsibility charter.

In words of, I wasn't say words of one stuff, but maybe like two syllables or less. Can you explain

the various kind of reversals that they've been through and really what the

kind of tactical ideas behind them were? So the fiscal charter is a statutory instrument, so it's passed through the Commons, which

means that the government is not allowed to in normal times, quote unquote, not keep an absolute surplus. So that's both a surplus in terms of day-to-day

spending, but also in terms of borrowing. So it's not just how much money, it's basically saying

...