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Oh God, What Now?

Budget ’25 – Why Rachel Reeves should hold her nerve

Oh God, What Now?

Podmasters

News, Politics, Society & Culture

4.62.6K Ratings

🗓️ 11 November 2025

⏱️ 56 minutes

🧾️ Download transcript

Summary

Tax rises! Cuts to everything! Here comes the pain! Seldom has a Budget been heralded with such dire warnings… if you believe the Toryform Press. But according to Giles Wilkes – Institute for Government fellow and former adviser to Vince Cable and Theresa May – Britain isn’t in such a disastrous state after all. In a weirdly optimistic conversation he joins Andrew Harrison and Jonn Elledge to look at the real story of Britain’s finances; why Brexit is an even bigger drag anchor than the Treasury will admit; and why the embattled Chancellor needs to stick to her course.   ESCAPE ROUTES  • Jonn has been watching The Celebrity Traitors, yes that again, do our panel ever watch anything else?  • Giles recommends Wellington: The Iron Duke by Richard Holmes.  • Andrew recommends the old school BBC adaptation of Tinker, Tailor, Soldier, Spy with Alec Guinness.   When you buy books through our affiliate bookshop you help fund OGWN by earning us a small commission for every sale. Bookshop.org’s fees help support independent bookshops too.  • Head to nakedwines.co.uk/ohgodwhatnow to get a £30 voucher and 6 top-rated wines from our sponsor Naked Wines for £39.99, delivery included. www.patreon.com/ohgodwhatnow  Presented by Andrew Harrison with Jonn Elledge Audio and Video Production by Chris Jones. Art direction: James Parrett. Theme tune by Cornershop. Managing Editor: Jacob Jarvis. Group Editor: Andrew Harrison. OH GOD, WHAT NOW? is a Podmasters production.  www.podmasters.co.uk   Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Hello, it's Andrew Harrison here. And it's Jason Hasey here. Today's episode is brought to you by Naked Wines, helping you to get better wine for your money and support independent winemakers as well. Jason, would you rather run around the wine aisle in a blind panic and buy something with a cool label on it, or would you rather shop from the comfort of your own settee from a selection of wines, especially tailored for you, maybe even on an app? Oh, you know my sofa too well, Andrew, don't you?

0:24.6

Yeah, I'd rather do that, thanks, than standing in the supermarket and being faced with like an endless array of wines, especially when I know that there's only one or two that I tend to go to. And for instance, when I went there recently, the white one had been discontinued. So I'm then faced with an entire wall of white wine, and I'm just standing there hoping that one bottle will talk to me. Well, in that case, this is where naked wines comes in. They help you choose better wines from world-class independent winemakers. You just tell them what you want, whether you're like, I don't know, big punchy reds or crispy whites or whatever it might be, and they deliver it to your door. And because they deal directly with the winemakers, they actually fund them to make the wine for their customers. You are supporting them directly. God, so it's virtuous vineculture. What about that? This is true, but you know what? It's not all altruism, Jason. One of the great things about naked wines is you do not have to pay for wine that you do not like. You're joking. What happens is if a bottle doesn't hit the spot, you just let them know and they will credit your account so you can buy something you do like next time, thereby you're able to zoom in on the perfect wines for you. This is like being in a restaurant without all the fuss of being in a restaurant. It absolutely is. So, better wine. Suggestions tailored for you, all delivered to your door and the wine makers get more of the money. Does that sound like a good idea? Does that sound like a good idea? Of course it sounds like a good idea. Of course it's a good idea. It's a brilliant idea. So, we have got an offer for listeners. If you head to nakedwinesines.co.uk slash, oh God, you will get,

1:46.0

yeah, you will get. Best web address I've heard in years. Best word address in eons. Nakedwines.com

1:51.5

UK slash, oh God, you will get a 30 pound voucher and six top rated wines for just £39

1:57.4

and 99p, delivery included. And that is a mere £6.67p, a bottle.

2:03.5

And anything you don't enjoy, just let them know.

2:05.6

You will get a credit to use on your next order.

2:08.0

Try doing that in the supermarket.

2:09.8

That's a £30,000 Naked Wines voucher at nakedwines.com.

2:13.1

Or follow the link here, the show notes.

2:17.0

Terms and conditions apply cheers jason

2:18.6

cheers andrew are you stuck in traffic watching brake lights and you'd rather be watching the

2:25.6

northern lights at hsbc we know ambition looks different to everyone whether it's retiring early or

2:32.8

leaving more for your family,

2:38.7

we can help, because when it comes to unlocking your money's potential, we know wealth.

2:42.8

Search HSBC Wealth today to get your financial future moving.

2:46.0

HSBC UK, opening up a world of opportunity.

2:48.4

HSBC UK current account holders only.

2:52.7

Please stand clear of the gap.

2:55.4

Another morning, another reminder there's a gap to be careful of,

2:58.3

but maybe it's time to bridge the one between your 9 to 5 and your dream of living life on your own terms.

3:01.4

At HSBC, we know ambition looks different to everyone.

...

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