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This Is Why

Budget 2025: Are you a winner or loser?

This Is Why

Sky News

News, Daily News, News Commentary

4.0552 Ratings

🗓️ 26 November 2025

⏱️ 18 minutes

🧾️ Download transcript

Summary

Will you be better or worse off than you were before Chancellor Rachel Reeves announced her tax and spending plans in her long-awaited budget? 

From the minimum wage and scrapping of the two-child benefit cap to ISA caps and tax threshold freezes, Niall looks at how the budget will impact you with personal finance expert Iona Bain. 

Producers: Tom Gillespie and Araminta Parker 

Editor: Wendy Parker 

Transcript

Click on a timestamp to play from that location

0:00.0

Coming up, the budget.

0:01.6

Rachel Reeves says it's both fair and necessary.

0:05.1

So, how will it affect you?

0:08.2

Before history was written, his name was carved in stone.

0:13.7

Now witness the legacy of Ramesses the Great.

0:18.0

180 priceless treasures direct from the Egyptian Museum, Cairo, in the UK for the first and

0:25.2

only time.

0:26.9

Ramesses and the Pharaoh's Gold, the exhibition at Battersea Power Station.

0:32.7

Book now at Ramessesthexhibition.com.uk.

0:38.2

At TFL, we're making tube journeys faster in the future,

0:42.0

with signalling improvements underway on the Circle District,

0:45.1

Hammersmith and City and Metropolitan lines.

0:48.0

And there's also the Elizabeth Line

0:49.4

already giving you fast journeys across central London.

0:52.7

That is how we're making the greener way to travel brighter for everyone.

0:56.9

Such TFL improvement plan.

0:59.0

To the Mayor of London and TFL, every journey matters.

1:02.7

Elizabeth Line is fast compared to other TFL modes,

1:05.4

greener than total estimator petrol and diesel car emissions.

1:10.4

Talk about a rough day at the office for budget responsibility.

1:14.5

Madam Deputy Speaker, it is my understanding that the Office of Budget Responsibilities' Economic

1:20.0

and Financial Outlook was released on their website before this statement.

...

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