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Hello. all to discuss your situation. And remember, investment involves risk. Hello and welcome to Coffee House Shots. I'm James Seal and I'm joined today by my colleague

Michael Simmons, our economics editor and a new political editor, Tim, welcome to the spectator.

Oh, thank you very much. And to celebrate, we've had a spending review today to mark the occasion.

Your thoughts on what Rachel Reeves said in the comments earlier today. Well, I mean, she didn't

really say very much, did she? That was the sort of the interesting thing. Everything had been

pre-trailed. And the big picture message was very confusing, because on the one hand, she's still

trying to play the tunes of a fiscally responsible chancellor whilst basically

splurging the cash, but not telling us any of the detail about where the money's coming from.

And she kept using this line, my choice, labour's choice, the choice of the British people.

A more accurate version of what she outlined would have been my choice, labour's choice,

the choice of the labour back benches. It's basically a lot of spending on the stuff that

the Labour Party loves, the NHS, huge cheers for going after private schools. And it really felt

like a government that sort of in opposition tried to paint itself as a kind of slightly above the fray and you're all sick of these terrible Tories and now we're coming in to save the day has turned into a pretty boilerplate, left of centre, Labour government.

And we're going to have to wait till the autumn to find out how we're all going to pay for this.

But really, it was it was an attempt by Reeves to save her job to stop the Labour backbenchers having a go at her

and to try and kind of convince the public that these are huge amounts of new spending.

But they're not really.

I mean, Paul Johnson, who's supposedly her favourite sort of economist, he pointed out, most of the baselines from which they're measuring are

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