Keir Starmer has backed Rachel Reeves – but the Prime Minister has miscalculated.After weekend front pages accused the Chancellor of lying about the "fiscal black hole" which, Reeves says, necessitated last week's tax-and-spend budget, the PM has given a speech supporting Reeves and saying he's "proud" of the budget.Meanwhile polling reveals a majority believe "the cost of living crisis will never end", and see no hope for improvements in their immediate future.Tom McTague and Rachel Cunliffe join Oli Dugmore to discuss whether the Prime Minister has grasped quite how broken the social contract is, and what's next for the government – and the country – following the budget.SAVE £££ THIS CHRISTMAS:⭐️ <a href="www.newstatesman.com/xmaspod25" rel="noopener noreferrer" target="_blank">Gift big ideas, bold politics, and proper journalism from just £2</a>LISTEN AD-FREE:📱<a href="https://www.newstatesman.com/politics/2022/06/newapp" rel="noopener noreferrer" target="_blank">Download the New Statesman app</a>MORE FROM THE NEW STATESMAN:❓ <a href="https://www.newstatesman.com/podcasts/2022/10/you-ask-us" rel="noopener noreferrer" target="_blank">Ask a question</a> – we answer them every Friday⏰ <a href="https://morningcall.substack.com/subscribe" rel="noopener noreferrer" target="_blank">Get our daily politics newsletter</a> every morning✍️ <a href="http://saturdayread.substack.com/subscribe" rel="noopener noreferrer" target="_blank">Enjoy the best of our writing</a> via email every Saturday<hr> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.

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