Budget Hot Take: Has Chancellor Rachel Reeves saved herself? | LIVE reaction
Political Currency
Persephonica
4.1 • 1.5K Ratings
🗓️ 26 November 2025
⏱️ 37 minutes
🧾️ Download transcript
Summary
After months of speculation, briefings and leaks, Rachel Reeves has finally delivered her fated second budget. Has she done enough to save herself, Keir Starmer, and the Labour government?
In a special YouTube LIVE episode, Ed Balls and George Osborne give their immediate reaction to the Chancellor's budget. They dive into who the budget was for, the overtly political tone, and whether Reeves stood by her manifesto pledges.
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Credits:
Researcher: Sam Burton
Assistant Producer: Caillin McDaid
Video Editor: Oliver Geraghty
Executive Producer: Ellie Clifford
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Transcript
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| 0:00.0 | So welcome to our political currency budget hot take and whether you are watching this live |
| 0:12.5 | now on YouTube or catching up this evening on our normal political currency feeds. |
| 0:19.5 | You're really, really kind of welcome. Great to be here with you. We'll be doing our normal political currency feeds. You're really, really kind of welcome. |
| 0:21.0 | Great to be here with you. |
| 0:23.1 | We'll be doing our normal podcast on Thursday. |
| 0:26.6 | So we'll have a time, as everybody will, |
| 0:28.5 | to have absorbed and reflected upon what was in the budget, |
| 0:32.1 | all of the detail. |
| 0:32.8 | But this is our first budget hot tape. |
| 0:37.3 | Yeah. Actually, it takes me back, doesn't it, to kind of, when you're |
| 0:41.0 | in opposition and you have to kind of digest the budget really quickly and flick through the red |
| 0:46.4 | book, which is the budget document the Treasury produces, look at the OBR forecast and document |
| 0:51.5 | these days, although we all had a couple of hours jump on that |
| 0:54.9 | because they inadvertently put it up online, which will be one of the big stories of Budget Day. |
| 1:00.5 | Maybe we'll just start, shall we, with our overall impressions, your impression, my impression, |
| 1:05.4 | of the budget. |
| 1:06.1 | And then we're going to get into some of the specifics and the things that jumped out |
| 1:10.1 | at us. |
| 1:11.1 | I mean, maybe I'll go first. |
| 1:12.2 | I mean, you know, I thought very much this was a budget for Labour MPs, |
| 1:16.8 | written by the parliamentary Labour Party, |
| 1:19.1 | rather than a budget aimed at even Labour voters, |
... |
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