Will The Bond Markets Topple Rachel Reeves?
Novara Live
Novara Media
4.8 • 577 Ratings
🗓️ 21 November 2025
⏱️ 62 minutes
🧾️ Download transcript
Summary
Rachel Reeves’ long-awaited budget is looming, as some speculate that bond markets could force her to revise it.
Plus: The former leader of Reform UK in Wales has been sentenced to 10 years in prison for accepting Russian bribes.
With Michael Walker, Aaron Bastani, Jayati Ghosh & Carole Cadwalladr.
Transcript
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| 0:00.0 | This episode of Navarra Life is made possible by Navarra Media supporters. |
| 0:11.6 | To become one, go to navaramedia.com forward slash support. |
| 0:18.2 | Welcome to Navaralive. I'm Michael Walker. The Natural Order has been restored. It's Friday night, |
| 0:24.1 | and I'm joined by Aaron Bustani. Aaron, it's been way too long. Yeah, the natural order is back, |
| 0:30.8 | Michael. It's like the restoration, you know. It's like when they got rid of the Commonwealth |
| 0:35.2 | and Charles II was back. I wasn't a fan, Michael, but, you know, the experiment was over, so to say. |
| 0:42.3 | And that experiment of us having a Friday show without both you and me, that's behind us. |
| 0:47.3 | Let's look forward. |
| 0:48.7 | The monarchy has returned. |
| 0:52.1 | We don't speak about ourselves like that. |
| 0:53.9 | That's strange. There were people in the comments. I did a few, as you know, a few sort of long interviews with economists on the Friday evenings. I was saying, why have you benched Aaron Bastar? We want to see Aaron Bastarney. Well, obviously the reason I booked those economists on those Fridays is because Aaron had already booked them off. You see, you've got the order wrong. We have a great show lined up for you today. |
| 1:12.5 | We are going to be talking for actually quite a lot about the economy. |
| 1:17.6 | Rachel Reeves has her long-awaited budget next week. |
| 1:20.2 | We'll be discussing what she might do in some of the big debates raving on the left and elsewhere. |
| 1:27.3 | I've also got an interview with Jayati Ghosh, co-author of the recent |
| 1:30.5 | G20 Inequality Report. Nathan Gill, the former leader of reform in Wales, has also been sentenced |
| 1:36.2 | to 10 years in prison for accepting Russian bribes. I should be joined live by Carol Kudwalader. |
| 1:42.3 | We might end by talking about your party. Some of their |
| 1:45.4 | rows are continuing to rage on. If you'd like to support our work, of course, as ever, |
| 1:51.9 | you can sign up at Navaramedia.com forward slash support. Let's go straight into our next story. |
| 1:57.8 | After weeks and months of speculation, we are in the final stretch before |
| 2:01.5 | Rachel Reeves's long-awaited budget, and as the nation waits to find out who'll have to pay |
... |
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