meta_pixel
Tapesearch Logo
Log in
Yesterday in Parliament

Yesterday in Parliament 23 Jul 2025

Yesterday in Parliament

BBC

News

3.910 Ratings

🗓️ 23 July 2025

⏱️ 5 minutes

🧾️ Download transcript

Summary

The Chancellor says the UK is relying on the "goodwill of strangers"

Transcript

Click on a timestamp to play from that location

0:00.0

BBC Sounds, Music, Radio, Podcasts.

0:04.9

Hello, I'm Sean Curran, and this is yesterday in Parliament from BBC Radio 4.

0:10.3

The Chancellor Rachel Reeves has said the government introduced changes to its flagship planning bill

0:15.5

in the hope of getting it onto the statute book earlier.

0:19.5

The legislation which overhauls the planning system in

0:22.4

England is currently being debated in the House of Lords. And last week, ministers offered concessions

0:28.5

on environmental protections. Westminster has started to wind down for the summer with some

0:34.6

traditional end-of-term activities. The leader of the opposition reshuffled

0:39.0

the shadow cabinet and the Chancellor made her annual appearance before the Economic Affairs Committee

0:44.5

in the House of Lords. Rachel Reeves faced the peers just a few hours after official

0:49.8

borrowing figures revealed that the government borrowed more than expected last month.

0:55.2

The Chancellor said her self-imposed rules on tax and spending

0:58.7

that the government should only borrow to invest

1:01.6

and that debt should fall were non-negotiable.

1:04.9

We are still very reliant on the goodwill of strangers

1:10.0

in buying our government bonds.

1:13.0

One in 10 pounds of government spending is spent servicing government debt.

1:17.2

I'm a Labour politician.

1:18.7

I don't think there's anything progressive about spending £100 billion a year, often to US hedge funds,

1:25.5

when I'd rather spend that money on the health service or on our defence or on better schools for our children.

1:33.4

And so that is why I am going to stick to those fiscal rules so that we can start to bring down the costs of servicing that debt.

1:40.7

So we can free up that money, whether it is to have lower taxes on working people

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from BBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of BBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.