Labour’s spending review has no credibility

Chancellor Rachel Reeves has outlined her spending review and your co-pilots are here to wade through the madness with Telegraph Columnist Gerard Lyons. Allison thinks Rachel Reeves is going on a ‘spending frenzy’ and racking up too much national debt to cover her costs.Meanwhile Liam thinks the Chancellor is throwing out big numbers to make it appear Labour is increasing spending but is concerned the money will come from pension funds to cover the cost.Gerard Lyons is concerned about the Chancellor being able to control her spending and thinks her ‘fiscal rules’ are back-to-front policy making. Read more from Liam: https://www.telegraph.co.uk/authors/liam-halligan/ |Read more from Allison: https://www.telegraph.co.uk/authors/a/ak-ao/allison-pearson/  |Read Allison: ‘Dear Tim Davie, here are 10 easy ways to get Reform voters to watch the BBC’ https://www.telegraph.co.uk/news/2025/06/11/attract-more-reform-voters-to-the-bbc/ |Read Allison: ‘Woke police chiefs whinge about underfunding when the real problem is their warped priorities’ https://www.telegraph.co.uk/news/2025/06/10/woke-police-chiefs-whinge-underfunding-real-problem-warped/ |Need help subscribing or reviewing? Learn more about podcasts here: https://www.telegraph.co.uk/radio/podcasts/podcast-can-find-best-ones-listen/ |Email: [email protected] |For 30 days’ free access to The Telegraph: https://www.telegraph.co.uk/normal | Hosted on Acast. See acast.com/privacy for more information.