The Current Thing Labour Punishes Workers With Disastrous Budget - with Paul Cox
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Nov 27, 2025 Dixon and Cox tackle Rachel Reeves' troubling budget, revealing how it burdens hardworking Brits. They dissect Kemi Badenoch's fiery critique in the Commons, sparking a lively debate on gender politics. The scrapping of the two-child benefit cap raises questions about who truly benefits. An unprecedented leak of the budget before its announcement adds intrigue, while the implications for UK's debt and fiscal future are alarming. Tune in for sharp analysis and lively commentary on the political landscape!
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Fiscal Drag Fuels Hidden Tax Rises
- Labour's budget freezes income tax thresholds, causing fiscal drag that pushes many workers into higher tax bands.
- Nick Dixon notes this effectively raises taxes despite promises not to increase them.
Markets Happy, Workers Miserable
- Markets responded mildly positively because the budget created more fiscal headroom and eased investor concerns.
- Paul Cox and Nick argue that bond-market approval doesn't help everyday workers suffering from higher taxes.
Kemi's Row With Rachel Reeves
- Nick and Paul play and discuss Kemi Badenoch's excoriating Commons response to Rachel Reeves' budget.
- They describe Kemi's delivery as brutal but theatrically effective.