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Exclusive – Reeves’s new Budget lie exposed
Manage episode 522298452 series 2592675
Sir John Redwood, the former Conservative MP for Wokingham, treasury adviser to Margaret Thatcher and Welsh Secretary under John Major, has discovered a “borrowing bomb” in the Budget that no one has noticed.
Rachel Reeves reminded us at the despatch box last week that her choice was “not austerity; not reckless borrowing; but cutting the debt”, going on to say that “I said I would cut debt and borrowing, and I meant it”.
However, Sir John has discovered that, far from doing that, her plans will see an extra £1.3 trillion of borrowing and the total national debt rise up to £3.53 trillion.
He joins Camilla Tominey and Tim Stanley to explain how this Labour government’s “dreadful spending habit” will saddle the country with an eye-watering “debt mountain”.
We want to hear from you! Email us at [email protected] or find @dailytpodcast on TikTok, Instagram and X
► Sign up to our most popular newsletter, From the Editor. Look forward to receiving free-thinking comment and the day's biggest stories, every morning. telegraph.co.uk/fromtheeditor
Producer: Georgia Coan
Senior Producer: John Cadigan
Video Producer: Will Walters
Studio Operator: Meghan Searle
Executive Producer: Charlotte Seligman
Social Producer: Nada Aggour
Editor: Camilla Tominey
Hosted on Acast. See acast.com/privacy for more information.
1259 episodes
Manage episode 522298452 series 2592675
Sir John Redwood, the former Conservative MP for Wokingham, treasury adviser to Margaret Thatcher and Welsh Secretary under John Major, has discovered a “borrowing bomb” in the Budget that no one has noticed.
Rachel Reeves reminded us at the despatch box last week that her choice was “not austerity; not reckless borrowing; but cutting the debt”, going on to say that “I said I would cut debt and borrowing, and I meant it”.
However, Sir John has discovered that, far from doing that, her plans will see an extra £1.3 trillion of borrowing and the total national debt rise up to £3.53 trillion.
He joins Camilla Tominey and Tim Stanley to explain how this Labour government’s “dreadful spending habit” will saddle the country with an eye-watering “debt mountain”.
We want to hear from you! Email us at [email protected] or find @dailytpodcast on TikTok, Instagram and X
► Sign up to our most popular newsletter, From the Editor. Look forward to receiving free-thinking comment and the day's biggest stories, every morning. telegraph.co.uk/fromtheeditor
Producer: Georgia Coan
Senior Producer: John Cadigan
Video Producer: Will Walters
Studio Operator: Meghan Searle
Executive Producer: Charlotte Seligman
Social Producer: Nada Aggour
Editor: Camilla Tominey
Hosted on Acast. See acast.com/privacy for more information.
1259 episodes
All episodes
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