4.4 • 6.4K Ratings
🗓️ 30 November 2025
⏱️ 32 minutes
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Today, the Chancellor Rachel Reeves responds to claims she lied about the state of the public finances in the run up to her Budget.
Laura speaks to Paddy and chief political correspondent Henry Zeffman about her interview with Reeves, in which she also faced questions about whether her policies matched up with Labour’s manifesto promise, and ultimately, whether she could be trusted.
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Newscast brings you daily analysis of the latest political news stories from the BBC. The presenters were Paddy O’Connell and Laura Kuenssberg. It was made by Chris Flynn with Rufus Gray. The social producer was Grace Braddock. The technical producer was Mike Regaard. The weekend series producer is Chris Flynn. The assistant editor is Chris Gray. The senior news editor is Sam Bonham.
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| 0:00.0 | BBC Sounds, Music, Radio, podcasts. |
| 0:05.7 | Hello to you. |
| 0:07.3 | It's a moment, hello back, for Rachel Reeves, isn't it? |
| 0:10.4 | It is a moment for Rachel Reeves, and it's not all a good moment for Rachel Reeves. |
| 0:15.4 | She told us this morning she's proud of her budgets, |
| 0:17.5 | but there are very serious questions about her antics in the run-up to said budgets. |
| 0:23.2 | And I think while the markets were calm in the wake of her statement on Wednesday, this weekend, |
| 0:28.8 | the politics are anything but. |
| 0:30.5 | Let's get underway with Sunday's newscast. |
| 0:33.7 | Newscast from the BBC. |
| 0:36.1 | Fat boy sliver me in the classroom doing our violin lessons. I was the tappletail in the class. Got I have an apology, please. I trust almost nobody. That daddy has to sometimes do strong language. Next time in Moscow. I feel delulu with no solulu. Take me down to Downey Street. Let's go have a tour. Blimey. |
| 0:56.3 | It's Lauren the studio. |
| 0:57.5 | It's Paddy in the studio. |
| 0:58.9 | And it's Henry at home. |
| 1:00.7 | Ah, Henry, hello. |
| 1:12.3 | And Henry, you were one of the real clever clogs earlier in the week when you spotted that the numbers in the run-up to the budget from the official homework checkers, the Office for Budget Responsibility, were not as bad as people had concluded from all the mood music. Yeah, and we didn't have the whole chronology at that point, |
| 1:17.9 | but I was sitting on the politics live set in the immediate aftermath of the budget, |
| 1:23.2 | and I didn't have to get very far into the OBR's documents. This time they'd actually been physically |
| 1:28.4 | published rather than accidentally released online a few hours earlier. I mean, page three, |
| 1:33.7 | where they said that they sent the final forecasts to the Chancellor at the end of October. |
| 1:39.8 | And that was a few days before Rachel Reeves had me standing outside Downing Street, among other people, at the crack of dawn, before she warned us all that taxes were going to go up because of their productivity downgrades, among other things. |
| 1:55.3 | And that really has become, I think, the heart of the budget story this weekend. |
... |
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