Reeves’s make-or-break budget: should the rich have paid more?

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November 26, 2025 • 55 mins

Coco and Nish listened to Rachel Reeves' budget so you don't have to. But hang on, we could all have skipped the speech and read it online. Someone screwed up big time, pressing a button and releasing the budget before Reeves even stood up. That cock up was possibly the most exciting thing about Labour's second budget. A bit vanilla for you? Too much tax for ordinary workers? Too little for the wealthy? Journalist Zoë Grünewald tells Pod Save The UK why this budget might have done enough to pacify the Labour backbenches by lifting the two child benefit cap while soothing the markets with tax and spend plans... Dr Faiza Shaheen, Director of Tax Justice UK, was hoping for bolder action on wealth taxes, but she spots some reasons to be cheerful in the mix. In other news, Nigel Farage gets rattled by questions about his past. Nish and Coco enjoy the novelty of seeing him squirm but wonder if it will harm his electoral chances. And bring a bottle and bury the hatchets, can 'Your Party' make this weekend their kiss and make up moment? Send in your questions for Nish and Coco and they’ll answer them in our mailbag special. Email us at psuk@reducedlistening.co.uk CHECK OUT THESE DEALS FROM OUR SPONSORS SHOPIFY https://www.shopify.co.uk/podsavetheuk CALM https://www.calm.com/PSTUK AURA FRAMES https://www.auraframes.com Code: PSUK GUESTS Zoë Grünewald, Journalist Faiza Shaheen, Director of Tax Justice UK USEFUL LINKS https://www.yourparty.uk/founding-documents/ Aditya Chakrabortty Guardian article https://www.theguardian.com/commentisfree/2025/nov/20/wealth-tax-left-super-rich-britain-budget-2025 CREDITS House of Commons Live Sky News The New Statesman Pod Save the UK is a Reduced Listening production for Crooked Media. Contact us via email: PSUK@reducedlistening.co.uk BlueSky: https://bsky.app/profile/podsavetheuk.crooked.com Insta: https://instagram.com/podsavetheuk Twitter: https://twitter.com/podsavetheuk TikTok: https://www.tiktok.com/@podsavetheuk Facebook: https://facebook.com/podsavetheuk Youtube: https://www.youtube.com/@PodSavetheUK Learn more about your ad choices. Visit megaphone.fm/adchoices

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.css-14f5ked{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:2;overflow:hidden;}Reeves’s make-or-break budget: should the rich have paid more?