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Politics Unpacked

Is The Budget The Chancellor's Obituary?

Politics Unpacked

Anna Covell

News & Politics, Politics, News

4.41.4K Ratings

🗓️ 27 November 2025

⏱️ 30 minutes

🧾️ Download transcript

Summary

Rachel Reeves has told Times Radio she is determined to remain in Number 11 Downing Street, and that she wasn't going to have her political obituary written today - how might this play out with Labour’s election chances? 


Hugo Rifkind unpacks the politics of the day with Robert Colvile and Megan Kenyon 


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Transcript

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0:00.0

Hello, I'm Hugo Rifkin, and now we're going to be unpacking the politics of the day.

0:08.9

And aside from budget, budget, budget, budget, we're going to look at the latest dysfunction of your party

0:13.3

ahead of its conference this weekend, very exciting, and also talk about Nigel Farage's playground banter,

0:18.1

and we may also speak about Simon Cowell's blood that's right we cover it

0:22.0

all with me to unpack all of that yes they are through to judges houses it's Sunday

0:25.7

Times columnist and director of the CPS Robert Colville hello Roberts hello how are you I'm good

0:30.1

good to have you with me and the new statesman's Megan Kenyon hello Megan hi thanks both for being

0:34.5

here I bet you're looking forward to talking about Simon Cowell's blood. Don't feel ill. I'm well looking forward to you wrapped in Klingfilm, which I think is what you were talking about as we came in. Just for listeners who are not quite understanding what we're talking about, I'm not currently wrapped in Klingfield, but give it time. Let's start by talking about the budget. Rachel Reeves has told Times Radio she is determined to remain in number 11

0:55.4

Downing Street. Lots of people have tried to write me off over the last 16 months and you're not going to

1:01.5

write my obituary today. There's plenty more that I'm going to do to grow our economy and make

1:06.6

working people better off. I took £150 of people's energy bills in the budget yesterday and I'm not going to apologise for lifting the two child limit. Well there's a real mix on how this budget has been received across the press depending on which bit of the press you look at. Broadly speaking, the mirror loves it, the male hates it, other people who have various points in that spectrum in between. Following her budget yesterday,

1:31.0

though, she's been, it's been characterised as one that penalises workers in order to boost spending on benefits. She says that she doesn't accept that her legacy will be in an expanded welfare

1:36.7

state. Megan, do you think, will she be sitting there now thinking of yesterday as a success?

1:42.9

I think in terms of how the PLP have accepted it and then kind of taking it on then, yes,

1:49.5

you know, the parliamentary Labour Party have kind of been a bit of a thorn in the side of this government

1:54.7

recently, especially with things that they've tried to do like the welfare cuts.

1:59.8

And, you know, this is very much being characterized as a labour budget.

2:03.6

And I think in terms of what we've actually seen, you know, it's tax and spend.

2:09.0

That is very, you know, historically very labour.

2:13.2

So yes, but I think that as is the case often with budgets, it lands and then it's the next few days.

2:20.0

We've got the weekend in between where you really see people begin to unpack it.

2:25.3

There's sort of political implications coming to light.

...

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