How To Win An Election How To Survive A Tax-Raising Budget
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Nov 27, 2025 Daniel Finkelstein, a seasoned Times columnist and Conservative peer, dives into the complexities of the recent Budget. He discusses whether it serves as a short-term survival tactic or part of a larger electoral strategy. Voters, he explains, often accept painful choices when there's a convincing narrative. The conversation also touches on Labour's unintentional policy paths and whether the Budget signals a shift towards 'blue Labour.' They explore the implications for Keir Starmer's leadership and the emerging political landscape, with new opportunities for the Greens.
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By-Election Misstep Memory
- Daniel recalls the 1965 Leighton by-election where a replacement candidate lost, harming the government.
- Hugo Rifkind read listener Daniel Britton's memory to illustrate political risks of seat changes.
Market Calm Meets Long-Term Signals
- The budget mixed short-term market reassurance with longer-term policy shifts like EV mileage charges.
- Polly Mackenzie says this created headroom and reduced fiscal panic among bond markets.
Sacrifice Needs A Compelling Story
- Voters accept pain when given a clear story explaining sacrifices.
- Daniel Finkelstein argues Labour chose a tax-and-spend track to defend services and fairness.