Labour\u2019s shadow chancellor Rachel Reeves reacts, after the government announces tax rises and a spending squeeze, as well as money for schools and the NHS.
She\u2019s also quizzed on what her party would do differently.
Following her, host of Radio 4\u2019s Money Box Live Adam Shaw, with maths teacher and podcast host Bobby Seagull. The two cast their expert eyes over the chancellor\u2019s workings out.
This episode of Newscast is presented by Adam Fleming and the BBC\u2019s political editor Chris Mason. It was made by Chris Flynn and Danny Wittenberg. The editor is Jonathan Aspinwall.