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Novara Live

Has Rachel Reeves Broken Her Manifesto Pledges?

Novara Live

Novara Media

News, Daily News, Politics, News Commentary

4.8577 Ratings

🗓️ 27 November 2025

⏱️ 65 minutes

🧾️ Download transcript

Summary

Rachel Reeves’ budget seems to have appeased the markets, but voters are less convinced.

Plus: Net migration has fallen to a four-year low, and we discuss the generational divide in UK politics.

With NoJusticeMTG & Dalia Gebrial.

Transcript

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0:00.0

This episode of Navarra Life is made possible by Navarra Media supporters.

0:11.6

To become one, go to Navaramedia.com forward slash support.

0:17.8

Welcome to Navarra Live. I'm Helena, aka No Justice MTG. I'll be joined later tonight by Dahlia Gabriel. Coming up tonight, net migration has fallen to a four-year low, while asylum hotel numbers are up. We'll discuss the generational divide in UK politics, what I think the Greens and Left Wing parties could potentially do about it. And finally, Foreign Minister of Vec Cooper has called on the international community to do more for Sudan.

0:41.6

As ever, if we'd like to support our work, you can sign up at Navaramedia.com forward slash support.

0:47.9

Then make sure to let us know your comments in the YouTube chat.

0:52.3

Chancellor Rachel Reeves' budget has gone down well with the people who matter most to her.

0:56.9

The markets seem pretty pleased by the budget, or at least relieved, with the pound

1:00.8

strengthening and interest rates on government bonds dropping slightly immediately afterwards,

1:05.1

though that rate has now gone up again today.

1:07.6

And MPs were pleased too, especially those on the left, after Rachel Reeves dropped the

1:11.7

Tory's two-child benefit cap, though not before she'd spent a year emiserating Britain's poorest

1:16.4

families. Not included in this happy portrait, however, are ordinary voters. What did they make of

1:21.5

the budget? ITV spoke to some of them. The contribution that the lower paid is disproportionately higher than those who have

1:29.6

higher income and that is not fair. I've got a good job, my partner is a good job and we're still

1:35.2

not well off in the slightest. Like we're still having to like come back where we can. So I can't

1:41.5

even imagine what people are doing who are struggling.

1:48.2

Those were reactions to the Chancellor's £26 billion tax rate,

1:53.1

with much of that coming from workers following a frequent income tax thresholds until 2013.

1:57.8

That means that as salaries rise, more people will be drawn into 20% tax who weren't paying it before as they passed the basic rate threshold.

2:01.7

And more will be drawn into the higher 40% rate. In fact, one in four workers will be pulled

2:06.1

into that band. Meanwhile, the highest paid in this country won't feel any change at the top,

2:11.2

as their rate of tax for earnings, over £125,000 remained unchanged. Now, in the manifesto last year, Labour pledged not to raise taxes on working people,

...

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