Rachel Reeves’s big tax-and-spend budget dissected – podcast

The Guardian's special correspondent Heather Stewart analyses Labour's first budget in government for more than 14 years

On Wednesday the chancellor, Rachel Reeves, set out the Labour government's debut budget in parliament. She told the House of Commons that Labour would rebuild Britain", promising more money for the NHS, schools and public transport.

In 1945 it was the Labour party that rebuilt our country from the rubble of the second world war. In 1964 it was the Labour party that rebuilt Britain with the white heat of technology. And in 1997 it was the Labour party that rebuilt our schools and hospitals," she said. Today, it falls to this Labour party, to this Labour government, to rebuild Britain once again."