Chris Mason: Difficult trade-offs loom for Labour in Spring Statement

“The world has changed” is the mantra we are hearing from the government.
It is a phrase designed to explain and justify the chancellor’s argument on Wednesday in what is known as her Spring Statement.
The Conservatives are branding it an “emergency Budget”, which ministers insist is nonsense, but it is certainly true it is a bigger event than it was expected to be just a few months ago.
We won’t see Rachel Reeves standing on the steps of 11 Downing Street waving a red box around and it will be shadow chancellor Mel Stride responding to her in the House of Commons, rather than the leader of the opposition as happens on Budget Day.
But other elements of the day will have a Budget day feel, not least in the overall vibe of whether Parliament and the country feel confidence in the government’s economic prospectus.

Courtesy: BBC