Planet Normal Reeves Budget snowstorm of discontent
26 snips
Nov 26, 2025 
Roger Bootle, a prominent British economist and Telegraph columnist, joins the hosts to dissect Chancellor Rachel Reeves' controversial new £30 billion tax rise. Bootle argues the budget will negatively impact businesses and discusses the implications of the pre-budget leak. The conversation also touches on the 'shirking class' label for Labour’s welfare stance, potential recession risks, and the burdens of rising energy costs. Finally, Bootle critiques the size of government, advocating for spending cuts to foster economic growth.
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Business Will React Negatively
- Roger Bootle warned the budget will land badly with business and consumers due to many small, irritating measures.
- He predicted few people would emerge feeling better off and business sentiment would fall further.
Be Transparent About Tax Changes
- Avoid hiding the scale of tax changes behind multiple small measures if you want clear public buy-in.
- Markets and voters focus on total revenue; transparency matters for credibility.
Political Risk For Labour
- Allison Pearson called the budget a "death knell" for Labour, arguing it shifts Labour to championing benefit recipients over working voters.
- She said many modest earners are being pushed into higher tax brackets via threshold freezes.