Winter for boomers
Coffee House Shots
The Spectator
4.4 • 2.2K Ratings
🗓️ 30 July 2024
⏱️ 14 minutes
🧾️ Download transcript
Summary
The most controversial move by Reeves on Monday was her decision to axe the winter fuel benefit for pensioners not eligible for benefits. That saves £1.5 billion but has already been blasted by Martin Lewis and Age UK as a blunt measure that will hurt those on modest pensions who struggle to make ends meet.
Is there more hard medicine to come? Katy Balls speaks to Kate Andrews and John McTernan, former political secretary to Tony Blair.
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Transcript
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| 0:18.0 | Hello and welcome to Coffey House Shots |
| 0:23.4 | The Spectators Daily Politics Podcast. |
| 0:25.6 | I'm Katie Balls and I'm joined by John McTern and Kate Andrews. |
| 0:29.8 | So on Monday Rachel Reeves stood up at the dispatch box and said, despite perhaps previously indicating |
| 0:36.5 | there would be no need for additional tax rises, there could be more coming in autumn, and |
| 0:41.5 | in the meantime here are some spending cuts to beat. John |
| 0:44.8 | looking back on Rachel Reeves performance on Monday would you say it was good |
| 0:48.2 | politics even if it perhaps wasn't a hundred percent true? |
| 0:51.7 | Well look I think it was truthful and the total gap that |
| 0:55.3 | was found by the Treasury exercise by Rachel Treasury-led exercise was 35 billion |
| 1:00.7 | pounds but then she took off that and account for reserves, took off that and |
| 1:05.2 | account for some of the overspend that Treasury don't believe will happen around $7 billion. |
| 1:10.0 | And so I think the anger was real because the gap was real and the fact that immediately after the statement, about an hour after the statement, the OBR said they're going to be investigating how they came to give and such misleading information |
| 1:25.6 | for the preparation for the spring budget. I think that shows you that this that the |
| 1:32.0 | Rachel's touched a nerve and she's found something real and she for going forward |
| 1:36.2 | she's legislate for a different discipline on chancellors. She genuinely believes that the government played fast and loose with the numbers. I think she made the point pretty well yesterday and it is an important thing for her to do to say we had this inheritance from those people and she |
| 1:55.9 | wants to tie this deficit around the neck of the outgoing government on the specifics of |
... |
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