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The Politics Show

Budget 2024: Will Labour's gamble pay off?

The Politics Show

The New Statesman

Politics, News, Society & Culture

4.21.5K Ratings

🗓️ 31 October 2024

⏱️ 32 minutes

🧾️ Download transcript

Summary

The first Labour budget in 14 years is "refreshing" but risky, say the IFS.


Rachel Reeves has delivered her maiden budget in the House of Commons. As expected, thanks to leaks and pre-briefing over the preceding week or so, the Chancellor is raising employers' National Insurance, changing capital gains and inheritance tax, and increasing stamp duty.


Andrew Marr and George Eaton join Hannah Barnes on the New Statesman podcast to analyse the politics of the Labour budget. They are also joined by Ben Zaranko from the IFS to review the economics.


📚 READ

Labour has laid a trap for the Tories

https://www.newstatesman.com/politics/labour/2024/10/how-labour-aims-to-trap-the-tories


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Transcript

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0:00.0

He said it's as bad as can be all around him. There was shooting then all hell broke rules

0:08.0

This is Insight a new weekly series from the new statesman

0:12.3

An election official.

0:13.0

We're paper pushing bureaucrats.

0:15.0

To think that there are people wanting to harm us

0:19.0

because of the job that we're doing is mind-blowing.

0:22.0

One story zoomed out. job that we're doing is mind-blowing.

0:23.0

One story zoomed out to reveal the big picture.

0:27.0

It is about giving the big lie some sense of grounding in authority

0:31.0

to help you understand the forces shaping the world.

0:34.0

The consultant said your father's asked me about euthanasia.

0:37.0

The system is just not geared up to give people in this position an informed choice.

0:42.0

To this day I think is one of the bravest things I did.

0:46.7

I'm Kate Lamble.

0:48.5

Join me every Wednesday for Insight in the New Statesman Podcast feed all at New Statesman.com

0:54.9

forward slash podcasts.

0:57.0

This episode of the New Statesman Podcast is brought to you by Lloyd's Bank.

1:06.4

Did you know that 60% of businesses fail within the first three years, 20% within the first year, and only 42.5% make it to their fifth year.

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...

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