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If Labour wins the next election, will Keir Starmer have any money to spend on his programme of government? In a piece for the Times yesterday, journalist Philip Collins says it won't, and he thinks Labour is suffering because of this constraint. How can Labour be intellectually interesting if the government purse strings are so tight? Fraser Nelson disagrees. He says that, thanks to the Tories taking tax levels to record highs, Starmer will have plenty of cash to work with. Kate Andrews speaks to Philip and Fraser. Produced by Natasha Feroze and Max Jeffery.