# PRE-BUDGET SPECIAL - with Tom Baldwin

An episode of [The Two Matts](https://invisiblenetwork.ai/podcast/1236139906), 25 Nov 2025, 57 min.

Audio: https://sphinx.acast.com/p/open/s/648c40140701dc00113b4626/e/6925da4bcaf6efa703644a22/media.mp3

The Matts are joined by Labour insider and New World contributing editor Tom Baldwin - fresh from his in depth interview with the woman of the hour, Chancellor Rachel Reeves. Tom explains what’s going on in Reeves’ head (lots) and how she faces an unprecedented challenge - calming a febrile electorate while delivering enough visible progress to keep Reform out of government. Is she up to the job? Listen to find out. Then the conversation turns to her boss - Keir Starmer. Can he really beat Farage and if so, how? Tom makes the best case the Matts have yet to hear for why Starmer is precisely the man for the job - but it comes with a massive caveat. Something fundamental has to change about how Number 10 goes about it. It’s a deeply insightful conversation from a man who understands the trials and tribulations of this Labour government as well as anyone. Enjoy. Head to nakedwines.co.uk/matts to get a £30 voucher and 6 top-rated wines from our sponsor Naked Wines for £39.99, delivery included. OFFER: Get The New World for just £1 for the first month. Head to https://www.thenewworld.co.uk/2matts Hosted on Acast. See acast.com/privacy for more information.

Shows are listed from Apple Podcasts' charts and directory, and Podcast Index where it is used. Every show and episode belongs to its publisher and plays from the publisher's own feed; this site hosts none of them.