What Labour’s first budget means for wages, taxes, business, the NHS and plans to grow the economy – experts explain

By Linda Yueh, Fellow in Economics/Adjunct Professor of Economics, University of Oxford
Jonquil Lowe, Senior Lecturer in Economics and Personal Finance, The Open University
Karen Bloor, Professor of Health Economics and Policy, University of York
Phil Tomlinson, Professor of Industrial Strategy, Co-Director Centre for Governance, Regulation and Industrial Strategy (CGR&IS), University of Bath
Rachel Scarfe, Lecturer in Economics, University of Stirling
Shampa Roy-Mukherjee, Vice Dean and Professor in Economics, University of East London

For the first time in 14 years, it was a Labour chancellor who delivered the UK budget. And for the first time ever, that chancellor was a woman. But Rachel Reeves faces an almighty task: plugging a £40 billion spending gap in the knowledge that pre-election promises not to raise the main taxes are still fresh in people’s memories.

Growth was the buzzword of the election campaign – Reeves now had to lay her cards on the table. So here’s what our panel of experts made of the plans:

More challenges for employers and small businesses

Shampa…

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~	Retiring with debt? Experts explain downsizing, using super for your mortgage, and pension eligibility

~	‘I was scared’: many student teachers had bad maths experiences at school. Here’s how they can do better

~	Vaccination rates among Australian teens are dropping. Here’s how we can get back on track

~	Raygun’s claim against a parody musical may not stand up: here’s what the law says

~	A different kind of Australian masculinity: the fractured life of influential photographer Max Dupain

~	Syrians rejoice in a new beginning, after 54 years of tyranny

~	Teachers lack resources to meet classroom needs, and absences shouldn’t surprise us

~	Psychoanalysis explains why Donald Trump is taunting Canada and ‘Governor Justin Trudeau’

~	Sediment is a time capsule that shows how past climate change altered our landscapes – and hints at their future

~	Why bovine colostrum supplements could be a health gamble