Mini-budgets may not be good for Rachel Reeves’ career

"F***ing foundations" of the economy has been the constant mantra - and promise - of successive chancellors since the last century.

- Rachel Reeves

Yet the phrase, or anything like it, was curiously missing from the chancellor’s spring statement. That may be because it is perfectly apparent that the government has not yet fixed the foundations, and that mini-budgets such as Rachel Reeves rightly argues, are economic can be well-placed for sustained economic growth.

The danger is that the chancellor will have to return to the commons again in the summer, for a spending review, and then in the autumn for a budget - and perhaps yet again, in a new year’s spring statement - with new proposals for tax rises and cuts to public spending plans.