Liar, liar, Reeves’ pants are on fire
Planet Normal
Louisa Wells
4.7 • 2.9K Ratings
🗓️ 4 December 2025
⏱️ 61 minutes
🧾️ Download transcript
Summary
With reaction to the autumn Budget still on the lips of news outlets everywhere, your co-pilots are here to make sense of the chaos.
Allison doesn’t hold back and thinks Reeves has ‘lied’ to the electorate and inflated her own words in order to try and sneak her Budget past everyone.
Meanwhile Liam thinks the fighting between Number 10 and 11 is harming the economy on a fundamental scale.
Meanwhile stowaway Lord Nigel Biggar tells the co-pilots why history should recognise the UK fought against slavery across the British Empire.
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Read Allison ‘A jury took 17 minutes to find Jamie ‘not guilty’. I hate to think what a Left-wing judge would’ve done’: https://www.telegraph.co.uk/news/2025/12/02/jury-trials-lammy-left-wing-judiciary/ |
Read Allison ‘Joyless and fake, what a strange person Meghan is’:
https://www.telegraph.co.uk/news/2025/12/03/id-pay-not-to-spend-a-christmas-with-meghan-and-harry/ |
Read more from Allison: https://www.telegraph.co.uk/authors/a/ak-ao/allison-pearson/ |
Read Liam ‘If Labour sticks two fingers up to the bond market, Britain will pay the price’:
https://www.telegraph.co.uk/business/2025/11/30/labour-two-fingers-bond-market-britain-pay-price/ |
Read more from Liam: https://www.telegraph.co.uk/authors/liam-halligan/ |
Read Liam’s Substack: https://liamhalligan.substack.com/ |
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Transcript
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| 0:00.0 | The Telegraph. |
| 0:09.0 | Lyer, liar, liar, liar. |
| 0:12.5 | Rachel Reeves, liar, liar. |
| 0:15.5 | This is the most chaotic run-up to a budget in all my years of following budget. |
| 0:22.3 | Three... |
| 0:23.1 | The vast majority of academics don't want trouble, |
| 0:26.1 | and they don't really care about Britain's colonial record. |
| 0:30.0 | So they keep quiet. |
| 0:31.5 | Two... |
| 0:32.6 | Trial by jury is a fundamental part, a cornerstone of our democracy. |
| 0:38.5 | One. |
| 0:42.0 | We have left off. |
| 0:44.9 | Welcome once again to Planet Normal, the Telegraph podcast with Alison Pearson. |
| 0:49.2 | Hello. |
| 0:50.0 | And me, Liam Halligan. |
| 0:52.2 | Blimey co-pilot. |
| 0:53.8 | I've heard about budget statements imploding in the |
| 0:56.2 | days following, but last Wednesday's effort from Rachel Reeves has caused a near constitutional |
| 1:01.7 | crisis. Last October, the UK's Labour Chancellor raised taxes by a staggering £40 billion, |
| 1:08.8 | as well as jacking up government borrowing. It was a one-off increase, |
| 1:12.4 | she said, to fix the foundations of the admittedly shaky public finances she inherited from the |
| 1:18.4 | Tories. But after her tax rises sported growth, Reeves has now raised taxation by another 30 billion, |
... |
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