Growth has halved, welfare has been cut, and defence is hoovering up more and more. Things are looking, and sounding, pretty grim for the Chancellor - and in yesterday's Spring Statement we learned what the fallout from this harsh economic reality will be.Rachel Cunliffe is joined by the New Statesman's political editor Andrew Marr and economist Ben Zaranko from the Institute for Fiscal Studies.Sign up to the New Statesman's daily politics newsletter: Morning Call Submit a question for a future episode: You Ask UsSAVE £££ THIS CHRISTMAS:⭐️ Gift big ideas, bold politics, and proper journalism from just £2LISTEN AD-FREE:📱Download the New Statesman appMORE FROM THE NEW STATESMAN:❓ Ask a question – we answer them every Friday⏰ Get our daily politics newsletter every morning✍️ Enjoy the best of our writing via email every Saturday Hosted on Acast. See acast.com/privacy for more information.