The One Where Rachel Increased Tax on Lattes.
Red Lines
BBC
4.4 • 78 Ratings
🗓️ 26 November 2025
⏱️ 42 minutes
🧾️ Download transcript
Summary
Mark and guests digest the Chancellor's budget and the implications for Northern Ireland. With Secretary of State Hilary Benn, Prof Jodie Carson, Caroline Keenan & Andrew Webb.
Transcript
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| 0:00.0 | It was already the most leaked, most pre-discussed budget ever, |
| 0:10.0 | but 40 minutes before the Chancellor was due to formally set out the latest instalment of her handling of the UK economy. |
| 0:17.0 | The Office of Budget Responsibility pulled the rug from under Rachel Reeves' feet when it posted online its response to what she hadn't yet announced. |
| 0:26.3 | Chaotic scenes in radio and TV studios followed with charges of unfolding political shambles buzzing across social media channels. |
| 0:34.6 | By the time it happened for real, of course, the budget statement contained little to no surprises, though the reaction to it has been intriguing. I'm Mark Carruthers. |
| 0:42.9 | In this edition of Red Lions, we'll get first impressions from a panel of experts, and we'll hear |
| 0:47.7 | too from Rachel Reeves' cabinet colleague Hillary Ben, the Secretary of State. So, with me around |
| 0:53.2 | the table here in our Belfast studio, |
| 0:55.0 | our Professor Jody Carson from Ulster University's Strategic Policy Unit, |
| 0:59.4 | Caroline Keenan, head of tax at Summer N.I. |
| 1:02.5 | And Andrew Webb, Chief Economist at Grant Thornton, Ireland. |
| 1:06.4 | Welcome to all of you, and thanks very much for making time for us |
| 1:10.2 | on what is a very busy day for all of you. |
| 1:12.7 | Andrew, I used the S word shambles there to describe the OBR cock up and I think you'd written it |
| 1:21.0 | in your notebook as it was happening. I absolutely wrote it in my notebook. Actually, it's the first |
| 1:24.7 | budget and I can't remember when that I haven't seen it live. |
| 1:28.2 | I was out this morning at client events. |
| 1:31.0 | So when I was hearing it coming through and listening to it after, I was just like, this is an |
| 1:36.2 | absolute farce of a situation. |
| 1:37.8 | And it probably sums up just where we have been with all of this is that you leak after, |
| 1:43.4 | leak after leak after leak and then |
| 1:44.7 | the OBR releasing that accidentally before the chance or even got a chance to stand up so |
... |
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