Everything You Need To Know About The Spring Statement
Newscast
BBC
4.3 • 6.6K Ratings
🗓️ 26 March 2025
⏱️ 42 minutes
🧾️ Download transcript
Summary
Today, Chancellor Rachel Reeves announced a set of measures aimed at restoring her fiscal headroom.
Adam and Chris are joined by Faisal Islam and Dharshini David to unpack everything the Chancellor revealed today, including cuts to welfare spending. Plus we dive into the Office for Budget Responsibility’s forecast - and their many, many, charts.
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Newscast brings you daily analysis of the latest political news stories from the BBC. It was presented by Adam Fleming. It was made by Miranda Slade with Anna Harris, Shiler Mahmoudi and Julia Webster. The technical producer was Rohan Madison. The assistant editor is Chris Gray. The editor is Sam Bonham.
Transcript
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| 0:00.0 | Hello, we just recorded an episode of newscast all about the spring statement, |
| 0:08.9 | which was delivered by the Chancellor Rachel Reeves on Wednesday lunchtime in Parliament. |
| 0:13.8 | And we did it, da-da-da-da, innovation, live on YouTube. |
| 0:18.7 | So people could watch us as we were recording the episode. And if you actually |
| 0:22.5 | want to go back and watch it on YouTube, you can. And the added bonus there is that you'll get |
| 0:26.9 | to see our no expenses spared charts that we spent all afternoon making. So, but don't worry. |
| 0:33.1 | If you just want to listen to Newscast as normal, I will use words to describe the charts. |
| 0:38.3 | And the analysis will still be just as good in your ears as it would be if you're viewing it with your eyes. |
| 0:43.9 | All I would say is, though, when we started off, I think I got a little bit flustered. |
| 0:48.1 | Because when I was introducing everyone, I described Chris Mason as a friend of the podcast. |
| 0:52.9 | Obviously, he's like a grandfather of the entire |
| 0:55.8 | podcast. He's not a friend, so that's why he makes a little gag about that. The very start of this |
| 1:00.0 | episode of Newscast. Newscast from the BBC. I like landscapes. I don't think I'm being |
| 1:06.5 | rude. Japping, unemployed people who are overweight. That is not the agenda. It's the fun police working overtime. |
| 1:12.7 | The star is born, Elon. |
| 1:14.7 | It's all hurt that a miracle let us happen. |
| 1:16.8 | Frankly, I think we need a British Trump. |
| 1:18.6 | Take me down to Downey Street. Let's go have a tour. |
| 1:22.0 | Blimey. |
| 1:23.1 | Hello, it's Adam in the studio. |
| 1:24.8 | And it's a friend of the podcast, Chris, in Westminster. |
| 1:27.8 | Hello. |
... |
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