The Politics Hub is today dominated by the fallout from the chancellor's spending review yesterday, which set out the government's budgets and priorities for the coming years.
Here are the main things you need to know:
- The Institute for Fiscal Studies has warned Rachel Reeves is a "gnat's whisker" away from having to raise taxes in the autumn budget;
- The economic thinktank said the "sting in the tail" in the chancellor's plans is they assume council tax will go up by the maximum amount across the UK, but there could yet be more to come;
- Rachel Reeves insisted to Sky News her plans are "fully funded" by her previous budget and spring statement:
- The chancellor's day didn't get off to the best of starts, as new economic growth figures cast a shadow over her spending review;
- They show the economy shrank by 0.3% in April, more than expected, although this was largely driven by uncertainty over Donald Trump's tariffs;
- Nonetheless, economics and business correspondent Gurpreet Narwan said the figures showed the economy was stuck in a "painful feedback loop".
That's all for now - stay with us for more updates and analysis this afternoon and into the evening.