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Rachel Reeves’s farcical Budget

Rachel Reeves’s farcical Budget

Coffee House Shots · The Spectator

November 26, 202513m 41s

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Show Notes

<p>As Budget days go, today was unprecedented. The complete list of measures announced by Rachel Reeves – along with their costings and economic impacts – was leaked by the Office for Budget Responsibility (OBR) an hour before the Chancellor took to her feet. The OBR apologised and called it a ‘technical error’.</p><p>The headline is tax hikes to the tune of £26 billion, income tax thresholds will be frozen again and the tax burden will hit a record high at 38 per cent of GDP. Was this the most farcical Budget in history?</p><p>Michael Simmons speaks to James Heale and Tim Shipman.</p><p>Become a <em>Spectator </em>subscriber today to access this podcast without adverts. Go to <a href="https://www.spectator.co.uk/follow-your-podcasts/" rel="noopener noreferrer" target="_blank">spectator.co.uk/adfree</a> to find out more.</p><br><p>For more <em>Spectator</em> podcasts, go to <a href="https://www.spectator.co.uk/podcasts/" rel="noopener noreferrer" target="_blank">spectator.co.uk/podcasts</a>.</p><br><p>Contact us: [email protected]</p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>