Spending Review: Tussles In The Treasury

Newscast

BBC

Politics, News

4.4 • 6.4K Ratings

🗓️ 8 June 2025

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today, we’re looking at what’s going on in the Treasury as the final decisions are being made ahead of the government’s Spending Review on Wednesday.

The home secretary and deputy prime minister are both still in dispute with the department over the amount of cash they'll have to spend.

Business editor Simon Jack and Paul Johnson, director of the Institute For Fiscal Studies join Laura to look at the numbers and the politics.

And we look at Zia Yusuf’s return to Reform just two days after quitting.

You can now listen to Newscast on a smart speaker. If you want to listen, just say "Ask BBC Sounds to play Newscast”. It works on most smart speakers. You can join our Newscast online community here: https://tinyurl.com/newscastcommunityhere

New episodes released every day. If you're in the UK, for more News and Current Affairs podcasts from the BBC, listen on BBC Sounds: https://bit.ly/3ENLcS1 Newscast brings you daily analysis of the latest political news stories from the BBC. It was presented by Laura Kuenssberg. It was made by Chris Flynn with Adam Chowdhury. The technical producer was Antonio Fernandes. The assistant editor is Chris Gray. The editor is Sam Bonham.

Transcript

Click on a timestamp to play from that location

0:00.0	BBC Sounds, Music, Radio, podcasts.
0:04.8	So, Paddy and Henry have both abandoned me in an appalling show of disloyalty.
0:10.6	However, we've replaced them with another very fine pair in their place,
0:14.4	particularly given where we are in this moment in time.
0:18.3	Business editor of the BBC Simon Jack is alongside me in the studio.
0:21.0	Hooray. Hello, Laura. And Independent Institute for Fiscal Studies Number Cruncher, Paul Johnson.
0:26.4	Hello. Good morning. And Paul, I must say, everybody will know you from being the referee on government
0:33.0	spending announcements, boasts and spin for so many years now. Before we get going into the substance of what's happening before the spending review,
0:40.7	I've got to tell people, especially if they're listening, they'll be able to see it if they're
0:44.4	watching. You look absolutely ecstatic that this is going to be your last one.
0:50.4	He's almost wearing a Hawaiian shirt. He's so demol happy.
0:56.0	Maybe it's just the shirt That looks happy
0:56.7	Well Paul Johnson
0:58.1	In your weekend shirt
0:59.3	Thank you very much indeed
1:00.4	For being with us
1:01.5	We'll be looking forward to Rachel Reeves
1:03.1	Big Day in the spotlight
1:04.4	On Wednesday
1:05.2	As she approaches her enormous spending review
1:08.2	Newscast
1:09.2	Newscast from the BBC.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from BBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of BBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.