# Inside the Treasury

An episode of [The Slow Newscast](https://invisiblenetwork.ai/podcast/1487320403), 2 Dec 2025, 24 min.

Audio: https://sphinx.acast.com/p/acast/s/the-tortoise-podcast/e/692de21bed22a4cc829fbe75/media.mp3

The chancellor’s budget was supposed to be a gamechanger, but turned out to be an exercise in political survival. This is the story of how Keir Starmer and Rachel Reeves took on a radical budget. Reporter: Rachel Sylvester Producers: Jonathan Lewis and Matt Russell Sound design: Dominic Delargy Artwork: Lola Williams Editor: Jasper Corbett To find out more about The Observer: Subscribe to TheObserver+ on Apple Podcasts for early access and ad-free content head to our website observer.co.uk Download the Tortoise app – for a listening experience curated by our journalists If you want to get in touch with us directly about a story, or tell us more about the stories you want to hear about contact hello@tortoisemedia.com Hosted on Acast. See acast.com/privacy for more information.

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