Who was Rachel Reeves really speaking to when she hinted at higher taxes this week? How much of a threat is the Supreme Court to Treasury tariff revenues? And how useful is “G2” as a lens for the new global order? Group Chief Economist Neil Shearing unpacks these big global macro questions in the latest episode of The Weekly Briefing from Capital Economics. Also on the show, Chief Markets Economist John Higgins assesses whether this week’s sell-off marks the end of the great AI-driven US equity boom, or was just a wobble on the way to new highs.

Analysis and events referenced in this episode

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The Rachel Reeves tax threat, the Supreme Court tariffs test and the fate of the AI boom

The Weekly Briefing from Capital Economics

The Rachel Reeves tax threat, the Supreme Court tariffs test and the fate of the AI boom