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November 24, 2025 37 mins

The Chancellor is set to raise taxes in her autumn Budget – again – despite Labour promising not to, and it’s all to fund £15bn in extra benefits.


Rachel Reeves is expected to end the two-child benefit cap, just the latest reversal on a policy unpopular with Labour backbenchers.


Camilla and Tim are joined by Telegraph political editor Ben Riley-Smith to explain the thinking inside the Treasury during one of the most chaotic lead-ups to a Budget in memory.


Plus, Conservative chairman Kevin Hollinrake has caused a storm after comparing a Reform football shirt to a Nazi symbol. His Reform counterpart David Bull calls for Hollinrake’s resignation.


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Producer: Lilian Fawcett

Senior Producer: John Cadigan

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