This episode of Politics Unpacked is brought to you from the Labour Party conference and

is sponsored by SSE.

A Britain where the barriers to opportunity are torn asunder.

A Britain able to look outwards with confidence, defiant in an uncertain world, powered

by the contribution of its people, hopeful for our shared future.

A proud Britain, a prosperous Britain, a Labour Britain.

Thank you. Richard Reeves has given her speech to the Labour Party conference and she said she won't

take risks with the public finances while warning of harder choices to come.

We're going to unpack the speech with Joe May's UK politics reporter for Bloomberg News and author of Can You Run the Economy.

Hello Joe. Hello. And Megan Kenyon, political of Can You Run the Economy? Hello, Joe. Hello.

And Megan Kenyon, political correspondent at The New Statesman. Hello, Megan.

Hello.

Thank you both for being here.

Look, Rachel Reeves talked about the tough choices ahead, but there was no clear sense of what those tough choices might be.

Megan, what do you think they are?

I think it's probably top of the list is whether or not to raise taxes.

I mean, I think something we've said at the New States when we literally ran a cover on it was just raised tax.

And I think there's a lot of hesitancy from the Labour Party to do that because, you know, in the run up to the election, they said they wouldn't raise taxes on working people.

So they're kind of in a bit of a sort of a narrow corner there.

I also think there's probably a lot of questions around fiscal rules.

I mean, Andy Burnham has sort of thrown a bit of shade on them last week, so I don't think

that Rachel Reeves will sway from them. She's been very keen to stick to them last week. So I don't think that Rachel Reeves will sway from them. She's been

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