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Pod Save the UK
Halloween budget: trick or treat? w/ Torsten Bell MP, Grace Blakeley & Katie Schmuecker
Oct 31, 2024
Grace Blakeley, an economic commentator and author, dives into the chilling details of the new Halloween budget, exploring tax changes and public service impacts. Katie Schmuecker from the Joseph Rowntree Foundation discusses vital reforms for sick and disabled individuals and low-income renters. Labour MP Torsten Bell shares his concerns about potential economic threats lurking in the shadows. This lively conversation weaves together humor, critical insights, and urgent discussions on poverty and economic growth, set against a spooky Halloween backdrop.
47:02
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Quick takeaways
- The Halloween budget marks Labour's first fiscal plan in 14 years, highlighting the challenges of reversing austerity while delivering stability.
- Proposed tax increases of around £40 billion aim to hold wealthier individuals accountable but raise concerns about their impact on small businesses and workers.
Deep dives
Halloween Budget Announcement
The unveiling of Chancellor Rachel Reeves' Halloween budget marks a significant historical moment, being Labour's first budget in 14 years and the first delivered by a female Chancellor. The budget is critical for understanding the future direction of the UK, especially as it contains tough decisions on fiscal policies. The episode discusses the light-hearted but pointed commentary on the implications of the budget with Halloween-themed wordplay. The juxtaposition of a celebratory Halloween vibe with a serious budget review sets the tone for an analysis that mixes what could be perceived as financial horror with much-needed discussions on financial reform.
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Discover
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