Since her appointment as Chancellor of the Exchequer in July, Rachel Reeves warned that the Autumn Budget would be full of tough measures, including steep tax hikes and spending cuts meant to address the budgetary morass left behind by the last government. Her warnings were followed by a decline in business and consumer confidence, an uptick in voluntary liquidations and even some reports of capital flight.

Now that the budget has been revealed, Bloomberg reporter Philip Aldrick tells In the City her warnings may have undersold the historic nature of the Labour government’s first financial statement.

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On this episode of Voternomics, we discuss former US President Donald Trump’s self-proclaimed favorite word: tariffs. While mainstream economists warn that hiking taxes on certain imports is bad for business, not everyone appears to be of the same mind. That became evident last week during Bloomberg News Editor-in-Chief John Micklethwait’s interview of Trump before the Economic Club of Chicago. The crowd’s enthusiastic reaction to the Republican presidential candidate’s talk of tariffs suggested that many of America’s Midwest businesspeople might take a different view.

Hosts Stephanie Flanders, Adrian Wooldridge and Allegra Stratton discuss the roots of Trump’s love of tariffs with Micklethwait himself and consider whether an “America First” approach could win short-term gains for some parts of the US economy, even if it undermines global trade and weakens America’s global standing in the long-term.

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Entrepreneur and angel investor Rachel Delacour joins Allegra Stratton to discuss why a new EU sustainability law will impact business in the UK and elsewhere.

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