Put down your pint, Healey! 'Appalling' Budget is nothing to celebrate | The Daily T

In Thursday’s episode of The Daily T, Tim Stanley and Sir Jacob Rees-Mogg are joined by Allister Heath, the Editor of The Sunday Telegraph, to discuss John Healey’s maiden Budget. Allister described it as a “nothing-burger” of a Budget and said that “a lot of things will get worse” over the next two years as a result of the Chancellor’s measures. The three weighed up the prospect of the nation going to the polls in the near future – despite the PM’s denials – with yesterday’s Budget seeming to be a holding operation. Allister said Andy Burnham “wants to go down in history” like other Labour prime ministers and would need a mandate to implement many of the policies he wants to introduce. The Telegraph is the Publisher Podcast Awards' Podcast Publisher of the Year 2026 CHAPTERS: 00:00 - Introduction & The "Nothing Burger" Budget 01:08 - John Healey’s Pint Down in Westminster 03:15 - Jacob Rees-Mogg’s Case of Mistaken Identity 04:06 - Day Two Budget Analysis: Hot Air & Diminishing Returns 05:24 - Taxes on Savers & the 49% Top Rate 07:30 - Fiscal Drag and Falling Household Incomes 08:35 - Energy Policy, Rosebank, and the Iran War 10:00 - The War on Wealth: ISAs, Mansion Tax & Landlords 12:19 - Treasury Orthodoxy and 30 Years of Economic Failure 15:15 - The 38% GDP Tax Ceiling & Capital Flight 16:34 - The OBR's "Everest" Deficit Graph 18:41 - Welfare Reform & Early General Election Speculation 21:34 - Mandates, Rejoining the EU, and Poll Standings 24:35 - King’s Consent & the Electoral Risks for Labour 27:58 - Poundland Woes, Retail Competition & Minimum Wage 30:15 - The Crisis of Capitalism vs Wage Compression 33:15 - AI Investment, Brexit, and Wealth Tolerance 36:02 - The £100 Energy Token: "UK’s Most Expensive Payday Loan" ► Watch back our Daily T’s Autumn Budget YouTube livestream here: https://youtube.com/live/hxGjG11w0k4?... ► Get more exclusive Daily T content from The Daily T+ membership! Join here:    / @dailytpodcast   ► Email us: We want to hear from you! Email us at thedailyt@telegraph.co.uk or find @dailytpodcast on TikTok, Instagram and X Follow The Daily T on social media: ► Instagram: https://www.instagram.com/dailytpodca... ► TikTok:   / dailytpodcast   ► Twitter: https://x.com/DailyTPodcast ► Follow The Telegraph on Facebook:   / reels   ► Subscribe to The Telegraph: https://www.telegraph.co.uk/customer/... ► Get the latest headlines: https://www.telegraph.co.uk/?WT.mc_id... ► Sign up to The Telegraph's free new daily newsletter, From the Editor, bringing you the latest news, features and analysis from the Telegraph newsroom: https://www.telegraph.co.uk/customer/... #TheBudget #UKBudget #JohnHealey #TheDailyT #DailyT #CamillaTominey #TimStanley #UKNews #UKPolitics #WorldNews #PoliticalPodcast #News #Publisher #Newspaper #Telegraph #TheTelegraph #World #journalism #journalist #UKpolitics #BritishPolitics #Podcast #newspodcast #latestnews