The Budget That Hit Britain Hard
26 November 2025

The Budget That Hit Britain Hard

Afternoon Empire with Ian Collins

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Ian Collins tears into Rachel Reeves’ Budget as she targets workers, savers and pensioners with tax hikes, frozen thresholds and a raid on retirement pots — all while trying to plug a £30bn black hole. Former Special Adviser James Price breaks down the ISA cuts, the new charges on £2m-plus properties, pay-per-mile plans for EV owners and the Government’s decision to scrap green levies while expanding welfare spending. Labour councillor Sebastian Salek gives the party perspective as Reeves raises the National Living Wage but faces anger from families set to pay more by 2030, plus the fallout from the OBR accidentally publishing Budget details before she even spoke. Shadow Exchequer Secretary James Wild MP joins to deliver the Conservative response, warning that Reeves’ Budget risks deepening Britain’s economic crisis rather than fixing it.

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