Budget ’25 – Why Rachel Reeves should hold her nerve

Tax rises! Cuts to everything! Here comes the pain! Seldom has a Budget been heralded with such dire warnings… if you believe the Toryform Press. But according to Giles Wilkes – Institute for Government fellow and former adviser to Vince Cable and Theresa May – Britain isn’t in such a disastrous state after all. In a weirdly optimistic conversation he joins Andrew Harrison and Jonn Elledge to look at the real story of Britain’s finances; why Brexit is an even bigger drag anchor than the Treasury will admit; and why the embattled Chancellor needs to stick to her course.   ESCAPE ROUTES  • Jonn has been watching The Celebrity Traitors, yes that again, do our panel ever watch anything else?  • Giles recommends Wellington: The Iron Duke by Richard Holmes.  • Andrew recommends the old school BBC adaptation of Tinker, Tailor, Soldier, Spy with Alec Guinness.   When you buy books through our affiliate bookshop you help fund OGWN by earning us a small commission for every sale. Bookshop.org’s fees help support independent bookshops too.  • Head to nakedwines.co.uk/ohgodwhatnow to get a £30 voucher and 6 top-rated wines from our sponsor Naked Wines for £39.99, delivery included. www.patreon.com/ohgodwhatnow  Presented by Andrew Harrison with Jonn Elledge Audio and Video Production by Chris Jones. Art direction: James Parrett. Theme tune by Cornershop. Managing Editor: Jacob Jarvis. Group Editor: Andrew Harrison. OH GOD, WHAT NOW? is a Podmasters production.  www.podmasters.co.uk   Learn more about your ad choices. Visit podcastchoices.com/adchoices