Tax hell: How Andy Burnham's £10bn black hole will hit your wallet | The Daily T podcast

In today’s edition of The Daily T, Camilla Tominey and Jacob Rees-Mogg discuss the warning to the Prime Minister from Andy Haldane, a former Bank of England economist, not to raise taxes in his attempt to find an extra £10bn to fund next month’s Budget. Jacob explains why he believes the triple lock is effectively dead, and why Andy Burnham should be taking notes from Sir Keir Starmer on how to handle Donald Trump before his first meeting with the US president next week. Plus Jacob addresses whether he is middle-class or not. You can get tickets to The Daily T On The Road Sunday Showdown at Labour conference with Bridget Phillipson at telegraph.co.uk/partyconferences The Telegraph - Podcast Publisher of the Year 2026 CHAPTERS 00:00 - Introduction & Client State Welfare Debate 01:12 - Listener Feedback & Class Discussion 03:16 - Defining Class: Working Class vs. Middle Class 08:21 - Black Wednesday 1992 & Economic Lessons 09:44 - The £10 Billion Black Hole & UK Economic Crisis 11:34 - State Pensions, Taxation & The Triple Lock 16:08 - Reforming Attlee’s Settlement: NHS, Planning & Welfare 18:01 - Disability Benefits Surge & Client State Agenda 22:17 - Flexible Working Legislation, Petrol Prices & Inflation 27:42 - Balancing the Budget & Civil Service Bloat 32:04 - Andy Burnham, Mark Carney & Handling Donald Trump #TheDailyT #TheTelegraph #JacobReesMogg #CamillaTominey #UKPolitics #UKEconomy #AndyBurnham #WelfareState #TripleLock #Inflation #CivilService #DonaldTrump #LabourParty #UKNews #Podcast 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 ► Get involved in our Daily T Community here:    / @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/...