What was The Chancellor's biggest budget crime?
The News Agents
Global
4.1 • 5.4K Ratings
🗓️ 1 December 2025
⏱️ 35 minutes
🧾️ Download transcript
Summary
Rachel Reeves is accused of misleading the public, lying and “possible market abuse” by the opposition. They’ve called for her resignation. The Prime Minister, however, is standing by her and told us today the budget was a thing of “personal pride” for him.
Meanwhile the OBR - the body that accidentally leaked the Chancellors budget an hour before it was given - have admitted this evening it was the worst failure in its fifteen year history. The run up to the entire budget was a fiasco. But was it a lie? And which bits do the public really understand or care about?
Later, why is Trump about to declare war on Venezuela? Is it about regime change, or oil, or Epstein or all three?
The News Agents is brought to you by HSBC UK - https://www.hsbc.co.uk/
Transcript
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| 0:00.0 | The Newsagents podcast is brought to you by HSBC UK, opening up a world of opportunity. |
| 0:09.6 | This is a global player original podcast. |
| 0:13.0 | Beth Rigby, Sky News, Prime Minister, we found out from the Office of Budget Responsibility |
| 0:18.1 | that the Chancellor with your backing misled the public on November |
| 0:22.3 | the 4th when she warned about a black hole in the public finances without telling us the second |
| 0:27.9 | bit that higher than expected tax receipts meant the economy was in a much healthier position |
| 0:34.2 | than the Chancellor publicly suggested to all of us and to the country. |
| 0:40.2 | A Cabinet Minister has told me this morning they do feel misled. How do you respond to that |
| 0:45.7 | as Prime Minister? And can you really commit to driving through welfare cuts, given that some |
| 0:51.9 | at your top table don't have confidence in you. Thank you. |
| 0:55.8 | Well, thank you very much, Beth. Look, there was no misleading. And I simply don't accept, |
| 1:02.2 | and I was receiving the numbers, that being told that the OPR Productivity Review means |
| 1:07.3 | you've got £16 billion less than you would otherwise have had, shows that you've |
| 1:13.5 | got an easy starting. That is Kirstama, sounding bullish, proud of the budget, upbeat about what |
| 1:19.7 | it's going to do for the British people. But the questions around Rachel Reeves are not going |
| 1:25.3 | anywhere. There are claims that she's a liar, even calls for her to go to prison. |
| 1:30.8 | She might be bad at her job, but are we in danger of losing our collective mind over this? |
| 1:36.2 | Welcome to the newsagents. |
| 1:42.3 | The newsagents. |
| 1:43.7 | It's John. It's John. |
| 1:44.4 | It's Emily. |
| 1:45.3 | And we're going to start by taking you through very gently, step by step, what she is being accused of. |
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