Mind the gap
Wake Up To Money
BBC
4.1 • 775 Ratings
🗓️ 28 October 2025
⏱️ 53 minutes
🧾️ Download transcript
Summary
A downgrade in the UK's economic forecast could mean a larger than expected gap in the numbers Chancellor Rachel Reeves has to play with in her budget. Sean Farrington asks an economist what options she has to balance the public purse next month. And, we'll be hearing from an industry analyst why a UK oil and gas company has filed for administration and what it means for the industry in the North Sea. Also, how a hot summer might mean a miserable autumn for lovers of all things pumpkin.
Transcript
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| 0:00.0 | BBC Sounds, Music, Radio, Podcasts. |
| 0:05.0 | They call themselves Evil Corps, a cybercrime gang accused of stealing hundreds of millions of dollars. |
| 0:13.0 | And at the center of it all, one of the FBI's most wanted. |
| 0:17.0 | They ran their operations out of the back of an Italian restaurant in Moscow. |
| 0:22.0 | How does a man hunted by the world's top law enforcers still manage to grow an empire? |
| 0:26.6 | These guys were going to town on small businesses across America. |
| 0:30.9 | They anger, the frustration, the fear. |
| 0:33.5 | Cyberhack, evil core. Listen first on BBC Sounds. |
| 0:38.6 | Wake up to Money from BBC 5 Live. |
| 0:41.9 | Hello, welcome. It is Wake Up to Money. We've got more pre-budget head scratching going on, |
| 0:48.2 | particularly for the Chancellor, the Office for Budget Responsibility, |
| 0:51.6 | saying she's facing a large and expected gap in those initial budget numbers, |
| 0:56.9 | a result of long-running poor economic performance. What does that mean? Where have we been going wrong? |
| 1:02.6 | Can any adjustments be made for the budget? And what will Rachel Reeves do because of all that? |
| 1:07.6 | We're going to be hearing about Petrofac, the oil and gas services company, one of the UK's largest |
| 1:12.6 | regional airlines, eastern airways as well, filing for administration, thousands of jobs at risk |
| 1:18.9 | and also elsewhere on the programme. |
| 1:20.6 | HSBC has announced it'll set over a billion dollars aside for a lawsuit brought by investors |
| 1:25.4 | who lost money in a multi-billion dollar Ponzi scheme. We've got results out from that bank as well and pumpkin pie. Pumpkin soup, pumpkin |
| 1:32.5 | spice latte. See that everywhere, don't you? What are you planning to do with your pumpkin? |
| 1:37.2 | We're going to be making some pumpkin cookies and making scary faces out of them. |
| 1:43.1 | I haven't got a child at the studio with me answering that question. |
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