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This Is Why

Cheat Sheet | Reeves's income tax U-turn, renting reforms and Ariana Grande ambushed

This Is Why

Sky News

News Commentary, Daily News, News

4.0552 Ratings

🗓️ 14 November 2025

⏱️ 11 minutes

🧾️ Download transcript

Summary

Reports say income tax won't increase in Rachel Reeves's budget - but where will the chancellor find the money for government spending shortfalls?

The BBC responds to Donald Trump's threat of a $1bn lawsuit as the US president's deadline looms.

Plans are laid out for renters and landlords under huge reforms.

And an intruder gets onto the Wicked 'yellow carpet' premiere in Singapore. He's been charged with being a public nuisance by a Singapore court.

Anna and Kamali get you up to speed on all the day's news, in just 10 minutes.

Tap to never miss an episode: 'https://podfollow.com/cheatsheet/ 'Follow Cheat Sheet here

Transcript

Click on a timestamp to play from that location

0:00.0

Well, hello, you might be expecting the daily, but Anna Jones and I are here to interrupt your regular scheduled programming.

0:07.5

To give you a taste of another offer from Sky News, this is called Cheat Sheet.

0:11.5

It's a podcast that gets you up to speed with what's happening without all the doom scrolling.

0:16.8

So I do hope you enjoy, and if you do, give us a follow.

0:21.7

Hello and good morning, you're listening to Cheat She, the podcast that gets you up to speed

0:25.5

without all of the doom scrolling. I'm Kamali Melbourne. And I'm Anna Jones. It's Friday the 14th

0:31.5

of November and this is what's happening today. Yeah, the government seemed to have you turned on

0:35.7

breaking their promise in the budget.

0:38.2

Later reporting said the income tax won't increase on November the 26th.

0:42.9

But where will the Chancellor get the money to fill that £30 billion shortfall in the nation's accounts?

0:49.1

That's the big question.

0:50.3

Also, the BBC has responded to Donald Trump's $1 billion lawsuit over that edit of a panorama episode.

0:58.5

This comes hours ahead of his deadline of 10pm tonight.

1:01.8

And an intruder has gotten on to the yellow carpet for the wicked premiere in Singapore.

1:09.3

So we understand the Chancellor is dropping plans to raise income tax in what's a massive

1:15.6

U-turn, less than a fortnight from the budget.

1:18.2

That's despite weeks of hints from Rachel Reeves that a hike might be needed to plug a huge

1:24.5

fiscal black hole.

1:26.0

It was first reported by the Financial Times, and it's thought

1:28.6

that she ditched the plans over fears that breaking promises the party made to voters before

1:33.8

being elected would spark a backlash. And Kamali, it really does look like an extraordinary

1:38.7

U-turned by the Chancellor, doesn't it? So close to the budget, we're just two weeks away now.

...

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