Rachel Reeves will get it all wrong today

Rachel Reeves will present the Spring Statement as if she's delivering stability.

The Office for Budget Responsibility will offer forecasts.

Markets will be reassured.

But the economics will be wrong.

In this video, I explain why fiscal rules, headroom, and the household budget myth are political theatre, not economic reality. Governments that issue their own currency are not revenue-constrained; they are resource-constrained.

If Britain wants growth, resilience, and functioning public services, we need investment, redistribution, and the politics of care, and not stability theatre designed to please bond markets.

This is Funding the Future economics.