With three weeks until the Budget, the main political parties have been setting out their economic thinking. Each faces the same bind: anaemic growth, fiscal constraints and uncomfortable exposure to the bond markets. The upshot is that there is less ‘clear blue water’ on the economy between Labour, the Conservatives and Reform.

This has left a space for energy to emerge as the policy area in which to differentiate the parties in this new era of five-party politics. The Westminster energy consensus is over – Net Zero is not as popular as it once was – and the parties are setting out their stalls. Could energy win the next election?

Oscar Edmondson speaks to James Heale and Michael Simmons.

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In a crowded field, today’s could have been the most bizarre PMQs ever.

From David Lammy pronouncing ‘I am the Justice Secretary’ as if it were an affirmation to be chanted in the bathroom mirror, to the wild hair on display on both benches, it surely takes the mantle of parliament at its most ridiculous – and that’s not to mention the story that another convict has escaped from prison. Has David Lammy got a grip on mistaken prison release? And – more importantly – does he have the support of his colleagues?

James Heale speaks to Tim Shipman and Isabel Hardman.

Produced by Oscar Edmondson.

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It is three weeks until the Budget – and Rachel Reeves wants to get her narrative out there. The Chancellor held an early morning press conference today to, in her words, ‘set out the circumstances and the principles’ guiding her thinking on 26 November.

Her speech followed a familiar pattern. First, there was the evisceration of the ‘austerity’, ‘reckless borrowing’ and ‘stop go of public investment’ which characterised the last 14 years. In her 25-minute speech in Downing Street, one line in particular stood out: ‘If we are to build the future of Britain together’, Reeves said, ‘we will all have to contribute to that effort. Each of us must do our bit.’

Crucially, she refused to rule out breaking her manifesto pledge not to raise income tax, national insurance or VAT. Megan McElroy discusses the groundwork she's laying for the budget with James Heale and Michael Simmons.

See the graph Michael refers to here: https://data.spectator.co.uk/polls

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