The Budget: Pain or Gain?
Podlitical
BBC
4.6 • 157 Ratings
🗓️ 31 October 2024
⏱️ 31 minutes
🧾️ Download transcript
Summary
Podlitical breaks down the tax and spend on Labour's first Budget in 14 years. What implications do Chancellor Reeves' announcements have for Scotland, and the upcoming Scottish Government budget later this year? The team are joined by Mairi Spowage, Director at the Fraser of Allander Institute at the University of Strathclyde to deep dive into the taxation and spending plans, which Government departments see gains and which see cuts, and discuss at who might win, and who might lose out.
Transcript
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| 0:00.0 | BBC Sounds |
| 0:02.4 | You're listening to BBC Scotland |
| 0:09.6 | Hi, you're listening to Podlitical, BBC Scotland's podcast |
| 0:15.7 | that brings you an inside look at the big stories coming out of Hollywood and Westminster. |
| 0:19.5 | It is about 20 past two on Thursday the 31st of October, Halloween. |
| 0:24.0 | And I'm Phil Sim, a journalist based at the Scottish Parliament. |
| 0:26.9 | Today I am joined by... |
| 0:28.4 | I'm Raj Deepsundu, a journalist based in Westminster. |
| 0:31.9 | And I'm Mary Spowich, the director of the Fraser of Allender Institute |
| 0:35.1 | at the University of Strathclyde. |
| 0:36.9 | I can only mean one thing. Marry's back. It must be budget day. |
| 0:41.3 | Indeed. Yeah, it's the thing we've been waiting for, basically, since the election. |
| 0:44.8 | I feel like it's all been building up to this for months now. And obviously, there's an awful |
| 0:48.5 | lot of detail to go through the budget. We have saved up all of our very hardest and most complicated questions for you, Mary. |
| 0:54.4 | Before we dive into the detail, I want to ask you Radjadip actually just about the vibes, basically, |
| 0:59.5 | about how it all feels down there at Westminster, |
| 1:01.8 | because it all felt kind of triumphant in a way from Rachel Reeves in the common views. |
| 1:05.7 | You've got hundreds of Labour MPs cheering her on as the first female chancellor and so on. |
| 1:11.0 | But, you know, how do you feel that sits alongside the actual reality of what was in the budget? |
| 1:17.3 | So I think yesterday was a very jubilant day for Labour MPs. |
| 1:20.4 | They were very happy. |
| 1:21.4 | I think part of it will be just the fact that this is the first Labour budget in 14 years. |
... |
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