"Please, you think that if you will speak very loudly about the war," Zelensky began saying, only for Trump to cut him off.
If the government has to spend a lot more money paying interest on debt, then it is less likely to meet its rules.On current trends, 26 March is set to become a critical date.
That is when the independent Office for Budget Responsibility (OBR) will deliver its latest forecasts, including an assessment of whether the government is on course to meet its fiscal rules or not.Suppose the OBR says the government is not on course. It's important to stress this may not happen - but it is something that senior government figures are growing more jittery about by the minute.Reeves would have a decision to make.
She has previously committed only to make significant tax and spend announcements once a year at the autumn Budget.A Treasury spokesperson said last night that "meeting the fiscal rules is non-negotiable".
That would suggest she would have to break her commitment and announce, or at least pave the way for, measures to bring the government in line with its rules.
What could that mean?The chancellor sped up an already planned "drumbeat" of pro-growth measures, culminating in this week's speech. Reeves's counsel of doom and warnings about black holes and pain has been replaced by a promise of an investment boom.
She has vowed a new runway at Heathrow, visas for those with AI and life science skills and said she would ease the non-dom ban to allow a more generous phase out of tax benefits.Alongside this are plans to make it easier to build, delays to new rules on banks and the ousting of the
, which shows she's serious on growth. As Meatloaf might have scripted for her: "I would do anything for growth".But Reeves's plans are not yet a fully fledged growth plan. Her announcements signal that she is willing to take a series of political hits to foster long term growth.