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Newscast

What is Reeves-onomics?

Newscast

BBC

Politics, News

4.46.4K Ratings

🗓️ 19 March 2024

⏱️ 31 minutes

🧾️ Download transcript

Summary

Today, Chris Mason has sat down with the Shadow Chancellor Rachel Reeves for Newscast. She’s given the annual Mais lecture to financiers in the City of London, where she set out Labour’s economic plan if they were to win the election.

The Mais lecture is a prestigious gathering where chancellors, shadow chancellors and Bank governors have outlined their principles for running the economy in front of an audience of City financiers and economists.

And, we find out about the shortage places at nurseries and childminders for pre-school children. James Cook has been speaking to Rhiannon Evans from Mumsnet. You can join our Newscast online community here: https://tinyurl.com/newscastcommunityhere Newscast brings you daily analysis of the latest political news stories from the BBC. It was presented by James Cook. It was made by Jack Maclaren with Miranda Slade, Maddie Drury and Joe Wilkinson. The technical producer was Hannah Montgomery. The assistant editor was Chris Gray. The senior news editor was Sam Bonham

Transcript

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0:00.0

BBC Sounds, music radio podcast.

0:04.4

Hello, it's James here in for Adam for a couple of days and Chris,

0:08.8

Chris, you've been to chat to the Shadow Chancellor Rachel Reeves.

0:13.6

I have, yes, so she has got a big lecture that she is giving.

0:18.4

It's called the May's Lecture, and it's one of those things when you look back in the history books that all sorts of big names in politics

0:27.3

particularly chancellors or people who've gone on to be chancellor have given

0:32.8

Nigel Lawson, George Osborne, Gordon Brown, Rishi Sunnax.

0:37.3

So it's this kind of big ticket moment

0:39.4

in the rarefied world of economics where a Chancellor or a Shadow Chancellor gives a long lecture.

0:47.4

When I say long, before I went to see Rachel Reeves, I was given an advanced copy of what she was going to be saying 29 page

0:54.7

PDF. Oh that sounds like fun. Yeah so that was that was that was that was that

0:59.4

so it's a chance for them to do the kind of economic architecture that underpins their thinking.

1:05.0

But there's a little twist.

1:06.2

So it's called the May's lecture, M-A-I-S, which is named after a guy who was the Lord

1:11.7

Mayor of the City of London some time ago.

1:14.6

But in going to find Rachel Reeves, even though I've been a parliamentary passholder for quite a long time,

1:21.0

I had to navigate the MAZ E to get to her and even though I had been in the same room as we were meeting

1:29.7

her in about a month ago I managed to get lost about three times.

1:35.0

Were you late?

1:36.0

Yes.

1:37.0

Oh dear.

1:38.0

Yes I was.

...

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