British finance minister Rachel Reeves has delivered "a bold and consequential budget for the UK economy", says economist Benjamin Caswell, after the new Labour centre-left government delivered its first fiscal update after 14 years of Conservative rule. "It definitely marked a change in tone relative to what we've heard over the last decade or so. But at the same time, it was done in an orchestrated manner, in such a way that it wasn't to spook anybody," Caswell says. IMAGES AND SOUNDBITES