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Russ Mould says that with the OBR lowering its growth and raising its inflation target, stagflation looks even more likely. The concept of "fiscal headroom", he says, is pure rhubarb but the bond market seemed content with what Rachel Reeves had to say, even though the UK's interest bill is higher than the defence budget. However, tariffs are going to complicate things. With the NASDAQ this year's worst market so far and Hong Kong the best, the mood music is changing. Investors must think about whether the environment for the next ten years is going to be different than the previous ten.

When Clement Attlee introduced welfare universality to post-war Britain, he was aiming for a more egalitarian society. Seventy-five years on we can see not only that it has not been achieved, but also that it has nearly bankrupted the public finances: a major task for UK Chancellor Rachel Reeves to tackle in her Spring Statement. Targeting support for those most in need with the help of philanthropy will be a key part of replacing 'egalitarian socialism' with egalitarian capitalism, enabling those with a social conscience to concentrate support and encouragement where it's needed, rather than providing publicly-funded services 'free at the point of use' for everyone. Background music: 'Everything Has a Beginning' by Joel Cummins Image source: Wikipedia

Rachel Reeves is due to deliver her Spring Statement next week, and it's probably safe to say this isn't the position she wanted to be in. After an Autumn Budget that raised spending and hiked taxes while locking the Chancellor in with a new fiscal rule, Reeves would have hoped to arrive in March with better news on the economy. Instead, Labour's not-a-tax-on-working-people national insurance hike on employers has backfired, at the same time as the growth forecasts have taken a downturn and borrowing costs have risen. So, what will the Chancellor do next week? Will she tweak her own fiscal rule, raise taxes again or cut spending in unprotected areas that are already suffering? As Rachel Reeves finds herself between a rock and a hard place, Georgie Frost, Lee Boyce and Simon Lambert look at what could happen. Plus, what does the Bank of England holding rates and the potential future path mean for your savings and mortgage? What should you do to sort your ISA and pension now? Can you really give away £1 million a year and dodge inheritance tax? And finally, the question that anyone like Simon who racks up the odd foreign traffic infraction needs answered: if you get a holiday parking fine, do you have to pay it?

Two of the most influential voices in the market had something to say this week. Asit Sharma and Jason Moser discuss Fed Chair Powell’s rate outlook, and what Jensen Huant sees coming down the pike for Nvidia chips and quantum computing, what Tesla investors need to know about the headlines around recent accounting concerns, and earnings updates and red market reactions for FedEx, Nike, and Accenture. Then, 19 minutes in, Joe Cutillo, CEO of Sterling Infrastructure, talks Motley Fool CEO Tom Gardner through his company’s work on infrastructure projects, how the tariff picture figures into their outlook, and how to invest like a CEO. Finally, 31 minutes in, Jason and Asit talk about lessons from their favorite college basketball teams and the stocks on their radar this week: BYD and Williams Sonoma. Stocks discussed: NVDA, TSLA, FDX, NKE, ACN, STRL, BYDDY, WSM. Host - Dylan Lewis; Guests - Asit Sharma, Jason Moser, Joe Cutillo, Tom Gardner

Jensen Huang sees a path to $1 trillion in AI infrastructure. Is Wall Street buying it? Asit Sharma and Mary Long discuss Nvidia’s “Super Bowl of AI,” plus the coming generation of chips, increased competition from hyperscalers, and partnerships in fast food, autonomous driving, and robotics. Then, 20 minutes in, a number of Fool analysts answer questions from the listener mailbag about early stock analysis, how healthcare companies are using AI, and how to factor in customer experience to investment decisions. Got a question for the show? Email podcasts@fool.com. Companies/tickers discussed: NVDA, PYPL. Host - Mary Long; Guests - Asit Sharma, Jason Moser, Karl Thiel, Dylan Lewis

When you think of someone who could really benefit from your outlook on life — in this case, losing weight — you might describe this approach as 'remote-controlling': it can be effective, as you can look at the issue afresh whereas the target of your good wishes has to contend with all the other aspects of their life. Adam Cox suggests in this episode trying to do this in reverse — imagining someone doing it for you, in order to establish that fresh perspective for yourself.

James Cameron-Wilson says that box office is down another 24% this week. Steven Soderbeg's spy thriller Black Bag is #3. With the likes of Michael Fassbender and Cate Blanchett it looks good but is dry, unbelieveable and contrived. He was far keener on #7 Last Breath, a true-life feature based on an earlier documentary about a deep sea rescue. Starring Woody Harrelson it feels totally authentic and is very tense but, if anything, rather too short. James recommends the restoration of 1969's A Touch of Love with Sandy Dennis and Ian McKeellan. It's a searing slice of social commentary which swept James away. A real time capsule, it was hugely influential on the NHS at the time.

Steve Caplin delves into the world of tech. Virgin expects to have an eVTOL air taxi service in the UK relatively soon. In San Francisco, driverless cars got 600 parking tickets last year. AI apparently can't tell analogue time or interpret calendars. Gravity batteries could be used in the lift shafts of abandoned mines. The Chinese company BYD has developed batteries that can add 250 miles range in 5 minutes. Longbow is the first British electric sports car manufacturer, while Volkswagen has an entry-level eCar for just €20,000. And there are two intriguing ways of getting hydration while on the move.

Political commentator Mike Indian discusses the fact that a fifth of UK adults are still not looking for work, what used to be called NEETS. The Government has to focus on getting as many people as it can into work sustainably, laying the groundwork for what it will be judged for at the next election. Mike believes that its communication strategy has improved massively. Starmer has come into his own on the international stage, arguably moving into the space at the top of Europe while the US is playing silly buggers with foreign policy. While it will take time to ramp up Europe's defence capability, governments have to think the unthinkable.

Finlay Mathers and Neil Shah of Edison Group discuss the move by investors out of the US and into the UK and other European markets, as Trump's tariffs produce a downturn for the American economy and equities. The UK market is far cheaper, has less downside, and it doesn't take much money moving from the big seven US megacaps to stimulate change in European markets. Finlay also discusses BAE Systems which is up 25% in the past twelve months. As a beneficiary of increased defence spending and with an order backlog of £78bn, it has strong growth potential, especially in maritime and armoured vehicles.