IFS: Breaking Fiscal Rules Could 'Erode' UK Chancellor's Credibility

The transcript discusses the fiscal challenges faced by Rachel Reeves, focusing on the thin margin after the budget, economic implications, and the importance of maintaining fiscal credibility. It explores the role of the Bank of England, international perspectives on UK stability, and the impact of currency weakness and inflation. The discussion also covers strategic fiscal decisions and external factors influencing the UK's economic situation.

What role does the Bank of England play in influencing UK government borrowing costs?

What are the potential consequences of the UK government issuing more debt in the current economic climate?

In what ways could inflation impact the Chancellor's fiscal strategy?