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Politics Unpacked

PMQs: Most Chaotic Budget Yet?

Politics Unpacked

Anna Covell

News & Politics, Politics, News

4.41.4K Ratings

🗓️ 26 November 2025

⏱️ 23 minutes

🧾️ Download transcript

Summary

The OBR may have mistakenly released Reeves' budget too early, but it was just in time for Prime Minister's Questions. 


Hugo Rifkind unpacks the exchanges with The Times' Chief Political Correspondent Patrick Maguire.


Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

PMQ's unpacked on Times Radio, unpacking the politics and cutting through the crossfire. Patrick McGuire is with me. Patrick, before we get started here, uh, Kemi Bajdonog, she's got a hell of an afternoon, right? Because she's got to do PMQs, then she's got a, then she's got to respond to the budget. And with all that going on, she'll have just found out that this OBR report has leaked. She's got no time to read it or get briefed about it or anything.

0:24.3

Well, indeed. respond to the budget and with all that going on she'll have just found out that this obrer report has leaked she's got no time to read it or get briefed about it or anything well indeed

0:24.7

it'll be interesting she's got Alex Bergart Mel Stride uh two shadow current

0:29.9

Mrs Melstride the shadow chancellor on either side of her and there's no discernible sign of

0:34.8

them frantically scribbling out questions based on the OBR.

0:38.7

Stephen Swinfidhar, our Times colleague, Times, Times, Police Clos.

0:41.5

It was very helpfully bullet pointed the main points, which if they're nimble, they might be able to ferret into some questions.

0:49.2

But as you say, she's got to respond to the budget in real time without having seen it before, although now she's seen it before, so maybe she's got an enterprising member of staff putting the questions together.

0:59.9

I've spoken to William Hay and other former leaders of the opposition about this in the past, about how difficult it is to respond.

1:05.8

And Rachel Rees has made it easy for them twice over.

1:08.8

One, she's leaked most of it in advance.

1:10.7

And two, not her fault, but the OBR have healthfully released the entire budget. So maybe, you know, she just has to battle through PMQs, maybe do some budget attacks on Keir Starmer, and then, you know, let Rachel Reeves feel the heat when she responds. Well, get our first question in just a moment. Before we do, back in July, we were sitting right here when Rachel Reeves was in tears

1:30.5

and there was open speculation about whether she was going to survive. Is she in a stronger position now than she was in November? Like, right now. Not necessarily in an hour's time, but right now. Is stronger the right word? I don't know. look, in a literal sense, she is more strongly secured to the office of

1:45.8

Chancellor, whether she's any stronger a Chancellor is a, is a live question. I don't think

1:51.2

there's any question of Rachel Reeves leaving her job anytime soon, but her fate is that

1:58.1

of Kirstama is the fate of this iteration of this Labour government

2:01.7

and I don't think in some

2:04.9

that is a particularly strong position

2:07.1

but you know is her position under threat

2:09.3

no is the parliamentary Labour Party

2:11.8

going to like what she says this afternoon

2:13.2

I mean probably

...

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