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Today in Focus

Rachel Reeves’s big tax-and-spend budget dissected

Today in Focus

The Guardian

Daily News, News

4.65.7K Ratings

🗓️ 31 October 2024

⏱️ 27 minutes

🧾️ Download transcript

Summary

The Guardian’s special correspondent Heather Stewart analyses Labour’s first budget in government for more than 14 years. Help support our independent journalism at theguardian.com/infocus

Transcript

Click on a timestamp to play from that location

0:00.0

This is the Guardian.

0:09.0

Today, the return of tax and spend, labour's first budget in 14 years.

0:17.0

At three business, we understand the importance of making savings.

0:24.0

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0:29.0

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0:35.8

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0:40.0

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0:42.3

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0:44.0

7.50 per sim when you buy 10 to 15 sims on a 24 month plan X 20% VAT.

0:48.0

Annual price rises apply.

0:50.0

Terms apply. I call the Chancellor of the Exchequer.

0:57.0

Yesterday in the House of the Exchequer.

1:00.0

Yesterday in the House of Commons Rachel Reeves finally delivered her very long-awaited

1:10.2

budget. Thank you Madam Deputy Speaker.

1:14.8

On July the 4th, the country voted for change.

1:19.5

She was the first woman ever to stand at the dispatch box and outline a government's spending plans.

1:24.5

For girls and young women everywhere, I say, let there be no ceiling on your ambition,

1:31.6

your hopes and your dreams. on your

1:33.9

dreams. You wouldn't have necessarily known it from her calm serious voice.

1:38.7

But this was a seriously radical, promising a 70 billion pound increase in annual spending to rebuild Britain.

1:48.0

In 1997, it was the Labour Party that rebuilt our schools and hospitals.

1:55.0

Today it falls to this Labour Party, to this Labour government, to rebuild Britain once again.

...

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