The Budget: What Does It Actually Mean For You?
Newscast
BBC
4.4 • 6.4K Ratings
🗓️ 27 November 2025
⏱️ 35 minutes
🧾️ Download transcript
Summary
Today, Adam is joined by Claer Barrett, Consumer Editor at the Financial Times and Helen Miller, Director at the Institute for Fiscal Studies to unpack how the budget will impact you.
The Prime Minister Keir Starmer defended the government's tax-raising budget, saying it will help lift hundreds of thousands of children out of poverty - with the IFS saying households face a ‘truly dismal’ rise in their spending power.
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Transcript
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| 0:00.0 | BBC Sounds, Music, Radio, podcasts. |
| 0:05.9 | Hello, we've just recorded a very, very deep dive, |
| 0:09.4 | like literally Marianna Trench-level depths into the budget, |
| 0:13.1 | now that we've all had a chance to sleep on it, |
| 0:14.7 | with two people who are just so wise and very shrewd about what's going on. |
| 0:19.1 | So rather than me doing some kind of gag or saying something, I'm just going to say, listen to this episode of Newscast. Newscast from the BBC. Fat boy sliver me in the classroom doing our violin lessons. I was the tappletail in the class. Can I have an apology, please? I trust almost nobody. Then daddy has to sometimes do strong language. Next time in Moscow. |
| 0:38.8 | I feel delulu with no salulu. |
| 0:40.6 | Take me down to Downey Street. |
| 0:42.4 | Let's go have a tour. |
| 0:44.1 | Blimey. |
| 0:45.2 | Hello, it's Adam in the newscast studio, and it is the day after the budget. |
| 0:49.1 | I was presenting five live breakfast all this week, and we christened today Budget Boxing Day. |
| 0:55.4 | Hence, lots of really lame jokes from me about turkey sandwiches and cold chippalatas and any unopened presents |
| 1:01.6 | under the Christmas tree. So who better to spend Boxing Day with, though, than two people who |
| 1:06.4 | really know what they're talking about and have dug into all the presents and Christmas food that we |
| 1:11.6 | metaphorically ate with Rachel Reeves on Wednesday. Please welcome back to the newscast studio, |
| 1:16.6 | the consumer editor of the Financial Times, Claire Barrett. Hello, Claire. Hello, Adam. Did the coffee |
| 1:21.5 | machine get fixed in the FT office in time? Uh, I got this little FT mug so I could get coffee elsewhere and bring it in. |
| 1:29.6 | So I wasn't coffeeless, but my goodness, the leaking documents and everything else. |
| 1:35.6 | I've never known a budget like it. |
| 1:36.8 | One of my teeth fell out on a previous budget day. |
| 1:38.9 | I remember that. |
... |
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