BBC Sounds, music radio podcasts.

Hello, I trust you've been glued to the Olympics, which is providing all the drama you would expect.

But the drama I was glued to on the TV today and for which the BBC had

fool rights was Rachel Reeves, the new Chancellor, versus Jeremy Hunt, the old

Chancellor in the House of Commons.

And what Rachel Reeves was doing was unveiling this audit she'd commissioned from the Treasury

about actually the state of how much the government was spending this year and she was claiming that the

bills for government spending had gone up by a lot and in a way that the previous government had not been honest with the public about.

She basically said there's a black hole in the government's accounts this year that amounts to

about 22 billion pounds. Sounds pretty simple. Well no because then Jeremy Hunt fired

back with his speech and he picked quite a lot of holes in her black hole so now there's a massive political argument about who's responsible

for the black hole and it does seem that it's partly the previous government responsible

for some of it, partly just circumstances like inflation being higher than anyone expected a few years ago when government budgets were set,

oh and the war in Ukraine.

Oh, and then also some decisions made today on public sector pay by this government.

Yeah, I know. We will discuss what that all means, eventually with Chris Mason,

but straight away on this episode of

newscast with BBC economics editor Faisal Islam. Newscast. Newscast from the

BBC. The exit poll is predicting a labor landslide.

We did it!

And before you know it, you have a bright future behind you.

I really don't know what he said at the end of their sentence.

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