They're achieving great progress, and it's because they've kept the news informative and fairly high quality. Good on them for basically entering mainstream!
Great job with the interview Ben! Asking her all the difficult questions while being professional and respectful. If this was any other major news outlet (barring a couple exceptions) the interviewer would have been trying to catch her out or cut in when she was talking. Y'all are good journalists, that's why I've been watching since the Theresa May days 👍7 years now I believe
Could you try to arrange a follow-up interview after the budget is announced? It would be great to have actual figures and data points to interview with. Well done here and thank you to the TLDR team
The budget will be catastrophic chaos and alienate vast swathes of the population, I’m sure it will be misery and poverty for many in the coming years. A tipping point is being reached for most businesses and Many will be closing next year, don’t forget artificial intelligence and neurally networked robots will be coming very shortly, figure AI has humanoid robots constructing car chassis for BMW at the Spartanburg BMW plant in South Carolina, In the worlds greatest nation on Earth 👍
It's so good to actually hear her talk positively about what she's doing and trying to do. Every speech so far has been blighted by a negative voice and overarching demeanor. So, it's nice to actually hear a positive vibe in her voice.
I must admit, I don't want to be the guy who comments on a woman's style or attitude, but I felt the same. She always feels a little stiff and it's nice to see her relax a little more.
If anyone's annoyed Reeves keeps mentioning the Tories, as a White House press secretary once said "if you guys are sick of it, that means the average person may have heard about it once" - may have been recounted in a TDLR election podcast. - Still, as a long time follower, great to see the success of the channel
This, it's what they do to distract from the lack of meaningful answer too. Starmer was doing it too this week, started every answer with a distraction before giving a vague answer or an answer that's going to fail a fact check when explored and exposed in detail.
1:13 This moment seems like a sigh of relief, thank you for the softball question. Generally I'd say that about most of the questions but I get why. They want to maintain access to interviewing her next year it makes sense. So be nice to her with framing and get invited again. Despite that I'd still say the questions were appropriate qnd the interview well handled. So huge congratulations and good luck to future growth keep up the good wkrk guys.
Term softball? Your a new chancellor taking over from a government that practiced fantasy economics and wiped out 480 billion off the value of uk pensions (Truss) then tried to cover up an unfunded NI cut meant to bribe the country into thinking we're turning the corner.
It was a quick interview, with limited access largely as a social stunt. If they’d spent any time challenging questions, they’d have used up all the time and burn their platform. That said, it’s refreshing to see questions asked of politicians with genuine journalistic integrity. If you want to watch journalists you agree with act more as political activists than journalists, there’s plenty of that out there for you. Personally, I don’t see the point.
A good interview. I've not been very impressed with all the doom & gloom talk - let's be real, we all knew the Tories had been messing up the economy for over a decade, this "black hole" shouldn't surprise anyone - so it's nice to hear something slightly more positive.
Every time I hear Labour talk about growth, it just drives me up the wall that they are ignoring the most obvious method that polls show the public would support, single market membership. Obviously it’s the EUs choice to grant access, but they could at least acknowledge this reality instead of playing economic pink elephant.
@@bonditltd5346 It wasnt because vote leave and Farage said we wernt leaving the single market or customs union. We voted to leave the EU but they changed the conditions the second the vote was over
@@adamwesgate8321 Everyone knew what it meant to vote for Brexit. I don’t know how you can say otherwise. Why would we want to go back in now anyway? The EU is failing. Germany especially is in a lot of trouble
@@bonditltd5346 Germany is not in loads of trouble. The German economy has grown normally over the last decade and they've had a rough patch for a year. Living standards are way higher there and it's cheaper than the UK. You're better off there. Much bigger economy than the UK. Now as for Brexit I didn't say re join. Every vote leave campaigner and farage himself said we were staying in the SM and cu. People voted and then they changed overnight. SM and cu is still being out
Great interview and congratulations for growing your brand so much to be on this level! I haven't been following for as long as some of the commenters, but I really enjoy the content, and always look forward to more.
Great short interview, I want to trust these labour politicians I really do, not a single person around me does and its easy to agree with them but the bigger picture is important
Good interview, as good as it can be before we can get some budget detail. I predict the hysteria from the right wing press when Inheritance tax and Capital Gains are increased will be rather noisy.
So you dont think people should enjoy a dignified retiremrnt after working all their lives? You dont want thst for yourself? You resent your grandparents? Jesus they are some pitiful little men around
Fascinating interview. She seemed very realistic about having to start the first year of the new govt with unpleasant measures. Seems unlikely anyone is going to like it much but that's governance I suppose
I usually watch TLDR videos on Nebula, but I can't find this one! I only knew about it because it was mentioned in another video. I believe I checked all of the TLDR Nebula channels, but there may be one I'm missing.
Basically the whole thing was more about blaming the other party for their faults, i'm sure the people of the UK know how bad they were and don't need to be reminded about it, the people of the uk would be more interested in what you are going to do about it
that's all they ever do... given the change they would probably play blame game ping pong, going back to Victorian era... they both seem as bad as each other both claim to have quirks that may/maynot benefit you...i was hopeful that we were going to get a change after the last set of clowns, only to see the badge change colour and a new set.
@@martintilly-reed9941True. Sunak's feral rabble were still blaming Nu Labour earlier this year. Three months does seem a tad unrealistic a tikescale for unfu*king 14 years of whatever the hell the other lot were really doing.
It's an interview not a debate contest. You ask questions, and the other guy responds how he thinks and then move on to the enxt question. The point is to hear what people think on topics not to extract some truth or whatver.
she still hasn't explained the most important question - she doesn't want austerity, she doesn't want to raise tax from working people and young people, and she also doesn't want to change the fiscal rules to increase the borrowing, then where will she get the money to increase the investment? Taxing more from retired people (which also has been ruled out by the government because the government has made it very clear that pension will be protected)? Or taxing capital gain? Ben should to make this question explicit and really chase this up to make the chancellor cough up the answer, rather than allowing her to diverge the answer to the importance of growth to the economy.
Yeah, the head in phone look could perhaps have been improved by a tablet out of sight or out of frame, or simply by papers in hand (even if that looks old school). That aspect was a bit distracting.
Here is my question about housing. Liverpool as well as other large midland towns, as crowded of abandoned £1 houses. Why not just refurbish those & send people, that feel like they’re entitled to free house there? It’s MADNESS that we give away free houses in London while rest of the country is dying out! You want free house? We want more people living in Liverpool! Let’s make a trade!
Reeves gave a realistic response to questions, but the forthcoming budget will provide the initial policy actions to demonstrate how her long term goals will be achieved. These policies will have to address the inability of the economic system/government to fairly distribute the gains from productivity growth over the last 40 years - perhaps even longer - which has led to severe income inequality and stagnating GDP/capita. In market economies, consumer spending represents some 60-70% of GDP. If the consumer has no growth in disposable income, they cannot increase consumption and savings, hence GDP/capita growth stagnates and private investment decreases. A related problem is a tax system that allows the most profitable corporations and highest income individuals to avoid paying their fair share. These tax revenues are needed to support public investment in infrastructure, skills and healthcare that can increase productivity and decrease income inequality. Government leaders and political economists have to recognize the problem of income inequality and causes before they can even begin to look for an appropriate solution. But, regardless of party these politicians and advisors live in a high income economy that derives all the benefits of income inequality; therefore there is little incentive for them to recognize the problem or to take appropriate action. Let's hope this time is different. In market economies, consumer spending represents some 60-70% of GDP. If the consumer has no growth in disposable income, they cannot increase consumption and savings, hence GDP/capita growth stagnates and private investment decreases. In market economies, consumer spending represents some 60-70% of GDP. If the consumer has no growth in disposable income, they cannot increase consumption and savings, hence GDP/capita growth stagnates and private investment decreases.
It’s a shame no one is talking about companies such as amazon & Microsoft paying their fair share of tax. The higher the income, the easier it is for those companies and ultra rich people to avoid tax, so the easy targets are the middle class. Let’s see next month who’s hit the hardest. Many smaller companies are closing due to the higher corporation tax ( up by 31.5%). Labour’s plans are all long term, so in the meantime tax revenues are declining.
Great that you guys can do big interviews as independent media! But some constructive criticism; there should have been more push back and follow up questions, scrutinising/fact checking what Reeves was saying.
So tax brackets have been frozen for a while, fiscal drag has taken effect. Yet we get no reduction of taxes, we get increases?? How does this make sense to anyone
I would have liked to have seen a question about rather than stopping the winter fuel payments for pensioners, why doesn't the government increase the windfall tax from companies like BP and Shell. No doubt these companies will again report record profits next year. Also are the government going to stop the single persons discount on council tax? This will affect pensioners living alone and working people living alone. Kier Starmer said before the election that he will protect pensioners so this is an election promise they have gone back on.
What's meaningless about what she said. Yes there's some platitudes but she answered his questions and her general intent is there for all to see. Stop jumping on the cynical band wagon most of the internet seems to be on and think for yourself.
@@microwaves25I suppose your idea of an answer doesn't meet everyone's expectations. All I heard was difficult decisions this, need to get a grip that, Liz Truss the other. Nothing we haven't already heard.
@@SammyInnit What else do you want her to say? The Tories messed up the country and left it nearly destroyed. They (Labour) has to now fix all the damage, and will get it in the arse for trying, no matter what they do, because it's a very difficult situation they have been left with. That's the facts and reality of it all. Sometimes practising critical thinking can do wonders.
Even if there can't say exactly where the funding to fill the blackhole is coming from at this stage, I wish that they would just say that instead of dancing around the subject.
The quickest and easiest way to improve the economy is to get as close to the EU as possible and start trading as close as we can the levels we did before the lunacy of Brexit.
A suggestion that Reeves has already set a course for austerity is simply unfounded. Either its a suggestuion with an ulterior motive or it reflects a serious misunderstanding of the term.
Why not ask about the, why didn't he ask the fact that she's taken away money from pensioners who cannot earn any more money. Give us back our winter fuel allowance to all pensioners.
Ben, relax. You know these questions. Focus on your areas and just make it a chat. You don’t need to keep looking at the screen to prepare what you’re going to say next. It’s inside of you.
"Who is the budget going to be painful for?" "We're going to protect working people and growth is the answer" kind of sloppy journalism here letting the politician run their same 2 talking points
Personally I think they should consider raising more progressive taxes, such as income, while slashing or removing regressive taxes such as VAT. VAT generally doesn't actually bring that much into the coffers while also absolutely destroying purchasing power for poor people.
I don't think raising income taxes is a good idea. People who usually earn a high income, the super-earners, usually have rare skills that justify their salary (because there is a high demand for these skills and not enough people with these), and these people already contribute way more than normal income earners. Raising their taxes just give these people another reason to leave the UK, do not attract talented people from abroad, and the country ends up in a worst situation. You do not want the UK to have a brain drain situation like countries like Italy, Spain, etc. Do not confuse super-earners / skilled workers vs truly wealthy people who owns many assets (stocks, real estates, etc) that generally grows in value and generate positive cash flows. These people usually avoid paying taxes by exploiting various loopholes in the tax system. Here is an example of a super-earner vs a wealthy person: - Let's say you have a super-earner (e.g. a skilled surgeon / engineer) that earns 200k£ in gross. That person would pay in total ~82k£ in taxes and national insurance, and so has 118k£ left off. - Let's say you have a wealthy person that owns 2M£ invested in an ETF like the S&P500. In average, you would get 10% of return, so in 1 year, the value would have increased to 2.2M. Let's say that person sells 200k£ (which is the same value as the gross salary of the super-earner) to get back to 2M£. Depending on the income tax band, that person will either pay 10% or 20% of capital gain taxes (CGT). Let's say 20% to take the worst case. It means he would have paid 40k£ in taxes and kept 160k£... So, he would have paid less taxes and kept more than the super-earner even though it was basically money working for that person... I am not sure about the UK but in countries like the US, wealthy people actually don't even sell (even if CGT are lower than income taxes), because they have other strategies to reduce their taxes even more; e.g. "buy, borrow, and die" strategy.
So much better than Laura Kuennsberg. What gets me about her is not so much bias as shallowness. She would focus on dumb political horse race questions for the whole of a 10 minute slot like this. TLDR do the hard work to create depth in compact format.
We have had low interest rates for over 15 years and people have started buying properties that if rates are raised they will be priced out of their home. Although, when people borrow money, money is created out of thin air.. this causes the price of food and fuel to rise. What would we prefer to have?? Cheaper food and fuel prices or a roof over our heads... If we raised interest rates instead of dropping them.. we could have the housing market drop which means I could actually potentially buy a home..
The problem isn’t high taxes Denmark has very high taxes and what comes with that is the highest HDI in the world, top three on the happiness index and some of, if not the best public services in the world. Britain’s issue is low and wages poor education and wasting money. A high tax high income economy works as the Nordic nations prove year after year
Why the hell would she want to spend 10 minutes with snarky Jones who would just try and trip her up the whole time for the benefit of his UA-cam channel?
Growth does sound repetitive… but growth is bloody required… Especially through construction, it’s ur local government that helps ur local area and voting for pro constructing local governments is the next drive, this Labour government ain’t gonna solve everything for you.
Do you know how much damage a crap government can do in 14 years? The system is broken. They are well within their rights to call it out. We can critique them properly when the budget is released.
Private investment is a fairytale! Where do private individuals got money to invest when you rise their taxes & high interest rates makes it impossible to leverage?
They want to grow the economy, but they don't want to rejoin the single market or custums union. It's like running a marathon with half your leg being missing.
They've already stated closer ties with the EU we've drifted away from eu standards if we want an Agri deal there's a huge amount of work needs doing. The Cons pretty much salted the earth as much as possible
That's a nice jacket that she's wearing. Im glad to say I helped pay for that; it's so difficult for these ministers on upwards of 90k a year, just to stay afloat.
I work in a regular office with people making more than 90k a year, the Chancellor of the 5th/6th biggest economy on the world getting paid around that isn't really that much. If you genuinely cared, then surely the target should be on those politicians that were employing their partners and families as assistants and advisors.
I'm sorry, but wouldn't roll out of bed to do the job these folks have to do, Tory or Labour, on 90K a year. Get to work 14 hours a day and have the public all over their back. No thank you.
@bluedoughnut1334 I'm not paying the people who work in your office with a portion of my income. Poor comparison. When the tories put up dodgey expenses, it was a scandal, when labour do it, suddenly it's OK because someone in your office makes more money than. Stop being a hypocrite.
@italianbirdvideos6190 Well, they would, clearly. They're not obligated to do it, so if you're so short-sighted as to see there's obviously a bigger reasoning for them, then I can't help you.
Unfortunately, Brexit dampening of the economy will really fall on this government. The previous governments seemed to get a bit of a pass, because some transition bumps were expected, even if choices like the mini budget seemed to enhance the bumps. Now, it's all settled into a steady state where businesses dependent on sales to EU countries have sized to their smaller market, shuttered, or moved abroad. With fewer markets, it'll be hard to grow. Labour needs to confront trade. (The scope domestically for being simulating is only so much.)
Guys, toughen up with your questions please, this was like listening uni student interviewing a politician. Were this questions generated by chatGPT? Actually I think even uni students would be more savvy with questions.
It’s an ambitious target - growth to gain more tax. Basically what Liz Truss was trying to do but with a different method. I don’t know how they will raise the revenue to improve services and the infrastructure that will eventually produce the growth. She said they need 3/4 to come from private investment, but if taxes are punitive, they won’t receive that investment. It’s a long game and will be interesting to see if they succeed. In the meantime, lots of small companies are closing for good or moving abroad mostly due to higher taxes , more legislation and employee rights. I hope Labour succeeds, but it will take their term to see results unless there’s huge private investment. A socialist government and capitalists working together 🤔
All i can really say is that i have a closer eye on this government then I've had on others now that I finally have a government I voted for in power. This was a soft ball interview but I'm not surprised, they really just need to stick with their commitments here or they won't survive another GE.
_"Grow the economy"_ - isn't that Liz Truss' line? Seems like successive governments turn the spending dial back and forward each saying that it will "grow the economy". Is this dial broken or something?
4:30 Austerity was coined as a policy... by Labour in 1945. 😅 And cutting WAS austerity (cutting spending). Taken a while, but I've sadly realised Rachel Reeves is frequently dishonest.
Predictions for 5 year's time: 1. Despite all of the billions the taxpayers will pump in to new wind farm subsidies, our energy bills wont be noticeably or meaningfully cheaper. 2. GB Energy's primary beneficiaries will be established fossil fuel businesses, Labour party donors and fraudsters. 3. Anyone who works for a living or lives off benefits will be poorer, sicker and more miserable. 4. Driving will be prohibitively expensive for the working class. 5. Income tax thresholds will be the same as they are today, meaning Labour WILL, in fact, have raised income tax.
GB energy’s main goal is renewable energy so I don’t know how the main beneficiaries will only be fossil fuel companies and labour donors. Everyone will benefit through lower emissions, cleaner air, and stable bills (lower relative to incomes). If you live off benefits and aren’t able to work you will be the same, if you can work you should return to work (with help from companies to accommodate your needs) Workers rights are a central focus of this Parliament and from just 80 days we’ve seen what good changes they’re already going to make. Driving will be more expensive and it should be, that extra money should go to public transport. And income tax thresholds will hopefully increase in 2028 when they are set to.
Unbelievable to see tldr go from jack's bedroom to interviewing the Chancellor of the Exchequer
I still remember when they were starting out and were scared, saying it was a massive risk!
And Jack is infinitely more competent than this soulless ghoul
Here here
I was just thinking the same.
They're achieving great progress, and it's because they've kept the news informative and fairly high quality. Good on them for basically entering mainstream!
Great job with the interview Ben! Asking her all the difficult questions while being professional and respectful. If this was any other major news outlet (barring a couple exceptions) the interviewer would have been trying to catch her out or cut in when she was talking.
Y'all are good journalists, that's why I've been watching since the Theresa May days 👍7 years now I believe
Could you try to arrange a follow-up interview after the budget is announced? It would be great to have actual figures and data points to interview with.
Well done here and thank you to the TLDR team
Yeah, to me this sounded a bit like her just saying “Oh yeah we dont have a way to pay for it but wait until you see the budget it’ll be sorted”
The budget will be catastrophic chaos and alienate vast swathes of the population, I’m sure it will be misery and poverty for many in the coming years.
A tipping point is being reached for most businesses and Many will be closing next year, don’t forget artificial intelligence and neurally networked robots will be coming very shortly, figure AI has humanoid robots constructing car chassis for BMW at the Spartanburg BMW plant in South Carolina,
In the worlds greatest nation on Earth 👍
@@RobinHomer-p6nYeah how are me and my banker mates meant to buy a yacht if everyone’s getting paid fairly?
@@4m4n40 simple you buy a slightly smaller one
I like that she actually answered some of the questions with examples as well
It's so good to actually hear her talk positively about what she's doing and trying to do. Every speech so far has been blighted by a negative voice and overarching demeanor. So, it's nice to actually hear a positive vibe in her voice.
I must admit, I don't want to be the guy who comments on a woman's style or attitude, but I felt the same. She always feels a little stiff and it's nice to see her relax a little more.
Yes. Good to see the real her more
@@bluedoughnut1334 i mean she is in charge of the economy so we have to judge her despite her gender.
Yeah right. A positive voice? Rachel Thieves lies through her teeth like Starmer. An apple doesn't fall far from it's tree. They are all liars.
@@tomwright9904despite? I think regardless would be a better word. I’m not going to give a political any reprieve of judgement because of their sex.
Amazing interview from TLDR as ever, really proud to have seen this project grow!
This really needs to be in front of the public
If anyone's annoyed Reeves keeps mentioning the Tories, as a White House press secretary once said "if you guys are sick of it, that means the average person may have heard about it once" - may have been recounted in a TDLR election podcast.
- Still, as a long time follower, great to see the success of the channel
This, it's what they do to distract from the lack of meaningful answer too. Starmer was doing it too this week, started every answer with a distraction before giving a vague answer or an answer that's going to fail a fact check when explored and exposed in detail.
10 out of 10 interview, I love that tempo!
1:13 This moment seems like a sigh of relief, thank you for the softball question. Generally I'd say that about most of the questions but I get why. They want to maintain access to interviewing her next year it makes sense. So be nice to her with framing and get invited again. Despite that I'd still say the questions were appropriate qnd the interview well handled. So huge congratulations and good luck to future growth keep up the good wkrk guys.
Term softball?
Your a new chancellor taking over from a government that practiced fantasy economics and wiped out 480 billion off the value of uk pensions (Truss) then tried to cover up an unfunded NI cut meant to bribe the country into thinking we're turning the corner.
It was a quick interview, with limited access largely as a social stunt. If they’d spent any time challenging questions, they’d have used up all the time and burn their platform.
That said, it’s refreshing to see questions asked of politicians with genuine journalistic integrity. If you want to watch journalists you agree with act more as political activists than journalists, there’s plenty of that out there for you. Personally, I don’t see the point.
You guys should do more interviews. An interview series like The Rest Is Politics Leading but made by you guys would be great.
Agreeing to juice attention to this good idea.
Great to see the channel moving from strength to strength
A good interview. I've not been very impressed with all the doom & gloom talk - let's be real, we all knew the Tories had been messing up the economy for over a decade, this "black hole" shouldn't surprise anyone - so it's nice to hear something slightly more positive.
Incredible seeing the way this channel has gone so far. Thanks for your really helpfull vids and thanks to all the team !
Every time I hear Labour talk about growth, it just drives me up the wall that they are ignoring the most obvious method that polls show the public would support, single market membership. Obviously it’s the EUs choice to grant access, but they could at least acknowledge this reality instead of playing economic pink elephant.
Your precious EU is tearing itself to pieces and it will only get worse as they persist in provoking Russia
Vote was cast - we’re out. Live with it
@@bonditltd5346 It wasnt because vote leave and Farage said we wernt leaving the single market or customs union. We voted to leave the EU but they changed the conditions the second the vote was over
@@adamwesgate8321 Everyone knew what it meant to vote for Brexit. I don’t know how you can say otherwise. Why would we want to go back in now anyway? The EU is failing. Germany especially is in a lot of trouble
@@bonditltd5346 Germany is not in loads of trouble. The German economy has grown normally over the last decade and they've had a rough patch for a year. Living standards are way higher there and it's cheaper than the UK. You're better off there. Much bigger economy than the UK.
Now as for Brexit I didn't say re join. Every vote leave campaigner and farage himself said we were staying in the SM and cu. People voted and then they changed overnight. SM and cu is still being out
Great interview and congratulations for growing your brand so much to be on this level! I haven't been following for as long as some of the commenters, but I really enjoy the content, and always look forward to more.
great interview and questioning, good to see tldr at these heights
Ah, she said the same thing last year, same thing 80 days ago, same thing today, and she'll be saying the same at the next conference.
Great interview. So much better than mainstream.
Commenting mostly for the algorithm, but nonetheless an amazing interview and awesome to see tldr news really grow
Great interview! Ben was very prepared! I wish all the best to the TLDR Team! You guys are amazing and deserve all the success for your hard work.
great interview ben can't wait for more.
Great short interview, I want to trust these labour politicians I really do, not a single person around me does and its easy to agree with them but the bigger picture is important
Well done on getting that interview!
Jack did such a good job with interviewing her. balanced well hard-hitting questions but also substance.
Good interview, as good as it can be before we can get some budget detail. I predict the hysteria from the right wing press when Inheritance tax and Capital Gains are increased will be rather noisy.
I don't care about cgt going up I care about the uplift being scraped as that is just dabble taxation
Noisy like pensioners or more ?
Your think , well y is Ian Duncan smith’s think tank lobbying the government ie labour on the DWP work well, his idea . Not me ,
So you dont think people should enjoy a dignified retiremrnt after working all their lives? You dont want thst for yourself? You resent your grandparents?
Jesus they are some pitiful little men around
Wow what a scoup!
Nice job getting this interview, hope you can more like this in future
Doesn't like political parties going back on their word !! Her own leader has done exactly that !
Congrats on getting the interview.
"was damaging" austerity never ended though
Fascinating interview. She seemed very realistic about having to start the first year of the new govt with unpleasant measures. Seems unlikely anyone is going to like it much but that's governance I suppose
Well done, TLDR News :)
He should do a boxing match with Boris.
I usually watch TLDR videos on Nebula, but I can't find this one! I only knew about it because it was mentioned in another video. I believe I checked all of the TLDR Nebula channels, but there may be one I'm missing.
Basically the whole thing was more about blaming the other party for their faults, i'm sure the people of the UK know how bad they were and don't need to be reminded about it, the people of the uk would be more interested in what you are going to do about it
that's all they ever do... given the change they would probably play blame game ping pong, going back to Victorian era... they both seem as bad as each other both claim to have quirks that may/maynot benefit you...i was hopeful that we were going to get a change after the last set of clowns, only to see the badge change colour and a new set.
Each new government blames the previous administration for the mess the Country is in
@@martintilly-reed9941True. Sunak's feral rabble were still blaming Nu Labour earlier this year. Three months does seem a tad unrealistic a tikescale for unfu*king 14 years of whatever the hell the other lot were really doing.
Even if he wasn't perfect, is definitely a good person for his job.
I think it’s a good thing she’s been clear that they’re making cuts, but it’s not excessive nor ideologically driven, which is what austerity was
Tldr really growing as a channel 🎉
Good to see the more human side of her
When? Not for pensioners! Even the interviewer, only wants a young audience he said!!!!
Great interview Ben.
Rachel was allowed to say absolutely anything and get away with it. Please ask probing questions. It was like a lightweight Jimmy Young interview.
It's an interview not a debate contest.
You ask questions, and the other guy responds how he thinks and then move on to the enxt question.
The point is to hear what people think on topics not to extract some truth or whatver.
she still hasn't explained the most important question - she doesn't want austerity, she doesn't want to raise tax from working people and young people, and she also doesn't want to change the fiscal rules to increase the borrowing, then where will she get the money to increase the investment? Taxing more from retired people (which also has been ruled out by the government because the government has made it very clear that pension will be protected)? Or taxing capital gain? Ben should to make this question explicit and really chase this up to make the chancellor cough up the answer, rather than allowing her to diverge the answer to the importance of growth to the economy.
Ben needs to get his head out of that tablet and be more engaging. Good job though ben!
Yeah, the head in phone look could perhaps have been improved by a tablet out of sight or out of frame, or simply by papers in hand (even if that looks old school). That aspect was a bit distracting.
You were a little nervous at first but we’ll done, great interview
Here is my question about housing. Liverpool as well as other large midland towns, as crowded of abandoned £1 houses. Why not just refurbish those & send people, that feel like they’re entitled to free house there? It’s MADNESS that we give away free houses in London while rest of the country is dying out! You want free house? We want more people living in Liverpool! Let’s make a trade!
Reeves gave a realistic response to questions, but the forthcoming budget will provide the initial policy actions to demonstrate how her long term goals will be achieved. These policies will have to address the inability of the economic system/government to fairly distribute the gains from productivity growth over the last 40 years - perhaps even longer - which has led to severe income inequality and stagnating GDP/capita. In market economies, consumer spending represents some 60-70% of GDP. If the consumer has no growth in disposable income, they cannot increase consumption and savings, hence GDP/capita growth stagnates and private investment decreases.
A related problem is a tax system that allows the most profitable corporations and highest income individuals to avoid paying their fair share. These tax revenues are needed to support public investment in infrastructure, skills and healthcare that can increase productivity and decrease income inequality.
Government leaders and political economists have to recognize the problem of income inequality and causes before they can even begin to look for an appropriate solution. But, regardless of party these politicians and advisors live in a high income economy that derives all the benefits of income inequality; therefore there is little incentive for them to recognize the problem or to take appropriate action. Let's hope this time is different.
In market economies, consumer spending represents some 60-70% of GDP. If the consumer has no growth in disposable income, they cannot increase consumption and savings, hence GDP/capita growth stagnates and private investment decreases. In market economies, consumer spending represents some 60-70% of GDP. If the consumer has no growth in disposable income, they cannot increase consumption and savings, hence GDP/capita growth stagnates and private investment decreases.
It’s a shame no one is talking about companies such as amazon & Microsoft paying their fair share of tax. The higher the income, the easier it is for those companies and ultra rich people to avoid tax, so the easy targets are the middle class. Let’s see next month who’s hit the hardest. Many smaller companies are closing due to the higher corporation tax ( up by 31.5%). Labour’s plans are all long term, so in the meantime tax revenues are declining.
Great that you guys can do big interviews as independent media! But some constructive criticism; there should have been more push back and follow up questions, scrutinising/fact checking what Reeves was saying.
As a tdlr fan I wish this would be on nebula too. Since it is not on ad free content , I am skipping it.
Why is this not on Nebula?
So tax brackets have been frozen for a while, fiscal drag has taken effect. Yet we get no reduction of taxes, we get increases?? How does this make sense to anyone
I would have liked to have seen a question about rather than stopping the winter fuel payments for pensioners, why doesn't the government increase the windfall tax from companies like BP and Shell. No doubt these companies will again report record profits next year. Also are the government going to stop the single persons discount on council tax? This will affect pensioners living alone and working people living alone. Kier Starmer said before the election that he will protect pensioners so this is an election promise they have gone back on.
She's very good at spouting out meaningless soundbites, any more than that we're yet to see
What's meaningless about what she said. Yes there's some platitudes but she answered his questions and her general intent is there for all to see. Stop jumping on the cynical band wagon most of the internet seems to be on and think for yourself.
@@microwaves25I suppose your idea of an answer doesn't meet everyone's expectations. All I heard was difficult decisions this, need to get a grip that, Liz Truss the other. Nothing we haven't already heard.
@@SammyInnit you want their plans to have done a 180? Or you want her to rush the budget and make announcements on a small podcast?
@@SammyInnit What else do you want her to say? The Tories messed up the country and left it nearly destroyed. They (Labour) has to now fix all the damage, and will get it in the arse for trying, no matter what they do, because it's a very difficult situation they have been left with. That's the facts and reality of it all. Sometimes practising critical thinking can do wonders.
Well done TLDR! Still got my BYOB top
Of course. She didn't answer a damm question properly. Typical politician
If Rachel Reeves was a farmer:
"We want the crops to grow, but we're not going to water them until after they show growth"
What a genius 🙄
Even if there can't say exactly where the funding to fill the blackhole is coming from at this stage, I wish that they would just say that instead of dancing around the subject.
You should of asked her if she was going to scrap the single person discount on Council Tax
The quickest and easiest way to improve the economy is to get as close to the EU as possible and start trading as close as we can the levels we did before the lunacy of Brexit.
Whoa whoa whoa, did she say clean energy by 2030? Thats awesome.
Now, speak with Prof Richard Murphy for his take on the new Chancellor.
Upvote for you getting the interview, but comment to verbally downvote Rachel Reeves for pushing austerity and pretending she isn't.
I know right?! "We aren't doing austerity" yeah right....!!!
A suggestion that Reeves has already set a course for austerity is simply unfounded. Either its a suggestuion with an ulterior motive or it reflects a serious misunderstanding of the term.
Why not ask about the, why didn't he ask the fact that she's taken away money from pensioners who cannot earn any more money. Give us back our winter fuel allowance to all pensioners.
She reminds me of little Britain for some reason
I guess the strategy is: increasing Vat on private schools +removing dom/non dom.
Ben, relax. You know these questions. Focus on your areas and just make it a chat. You don’t need to keep looking at the screen to prepare what you’re going to say next. It’s inside of you.
"Who is the budget going to be painful for?" "We're going to protect working people and growth is the answer" kind of sloppy journalism here letting the politician run their same 2 talking points
Why is Ian ducun smith involved in the think tank with the new Labour Party .Dwp.
Watch her body language and eye contact in the first couple seconds of the interview 😯
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Why is Ian ducun smith involved in the think tank with the new Labour Party .Dwp.and put it to the ideas to the Labour party just before conference.
Full sentences work better.
@@peterfireflylund up sruoy,kord.
Personally I think they should consider raising more progressive taxes, such as income, while slashing or removing regressive taxes such as VAT.
VAT generally doesn't actually bring that much into the coffers while also absolutely destroying purchasing power for poor people.
I don't think raising income taxes is a good idea. People who usually earn a high income, the super-earners, usually have rare skills that justify their salary (because there is a high demand for these skills and not enough people with these), and these people already contribute way more than normal income earners. Raising their taxes just give these people another reason to leave the UK, do not attract talented people from abroad, and the country ends up in a worst situation. You do not want the UK to have a brain drain situation like countries like Italy, Spain, etc.
Do not confuse super-earners / skilled workers vs truly wealthy people who owns many assets (stocks, real estates, etc) that generally grows in value and generate positive cash flows. These people usually avoid paying taxes by exploiting various loopholes in the tax system.
Here is an example of a super-earner vs a wealthy person:
- Let's say you have a super-earner (e.g. a skilled surgeon / engineer) that earns 200k£ in gross. That person would pay in total ~82k£ in taxes and national insurance, and so has 118k£ left off.
- Let's say you have a wealthy person that owns 2M£ invested in an ETF like the S&P500. In average, you would get 10% of return, so in 1 year, the value would have increased to 2.2M. Let's say that person sells 200k£ (which is the same value as the gross salary of the super-earner) to get back to 2M£. Depending on the income tax band, that person will either pay 10% or 20% of capital gain taxes (CGT). Let's say 20% to take the worst case. It means he would have paid 40k£ in taxes and kept 160k£... So, he would have paid less taxes and kept more than the super-earner even though it was basically money working for that person... I am not sure about the UK but in countries like the US, wealthy people actually don't even sell (even if CGT are lower than income taxes), because they have other strategies to reduce their taxes even more; e.g. "buy, borrow, and die" strategy.
Vat is there to control inflation but yes it’s wrong
So much better than Laura Kuennsberg. What gets me about her is not so much bias as shallowness. She would focus on dumb political horse race questions for the whole of a 10 minute slot like this. TLDR do the hard work to create depth in compact format.
In my opinion cheap mortgages is one way to increase inflation.
We have had low interest rates for over 15 years and people have started buying properties that if rates are raised they will be priced out of their home. Although, when people borrow money, money is created out of thin air.. this causes the price of food and fuel to rise. What would we prefer to have?? Cheaper food and fuel prices or a roof over our heads... If we raised interest rates instead of dropping them.. we could have the housing market drop which means I could actually potentially buy a home..
Just because you don't call it austerity...
The problem isn’t high taxes Denmark has very high taxes and what comes with that is the highest HDI in the world, top three on the happiness index and some of, if not the best public services in the world. Britain’s issue is low and wages poor education and wasting money. A high tax high income economy works as the Nordic nations prove year after year
As convincing as a piece of cellophane.
The same woman who ran away from Owen Jones
Why the hell would she want to spend 10 minutes with snarky Jones who would just try and trip her up the whole time for the benefit of his UA-cam channel?
She also ran away from someone trying to question her about the war in Gaza!
Talks a glass eye to sleep
Growth does sound repetitive… but growth is bloody required…
Especially through construction, it’s ur local government that helps ur local area and voting for pro constructing local governments is the next drive, this Labour government ain’t gonna solve everything for you.
Great question on the national investment fund, it's clearly not enough! She must know that..I don't get it.
Typical politician blaming others
Do you know how much damage a crap government can do in 14 years? The system is broken. They are well within their rights to call it out. We can critique them properly when the budget is released.
@@microwaves25Sure but this literally happens in every country after a new government.
Bit of a coup! Well done lads.
Why does nobody ask about cgt its like its kept hush hush to catch people out
Private investment is a fairytale! Where do private individuals got money to invest when you rise their taxes & high interest rates makes it impossible to leverage?
They want to grow the economy, but they don't want to rejoin the single market or custums union. It's like running a marathon with half your leg being missing.
They've already stated closer ties with the EU we've drifted away from eu standards if we want an Agri deal there's a huge amount of work needs doing. The Cons pretty much salted the earth as much as possible
She has it in for Pensioners and single person occupiers!!! Scary!!!
Calm down
That's a nice jacket that she's wearing. Im glad to say I helped pay for that; it's so difficult for these ministers on upwards of 90k a year, just to stay afloat.
I work in a regular office with people making more than 90k a year, the Chancellor of the 5th/6th biggest economy on the world getting paid around that isn't really that much. If you genuinely cared, then surely the target should be on those politicians that were employing their partners and families as assistants and advisors.
I'm sorry, but wouldn't roll out of bed to do the job these folks have to do, Tory or Labour, on 90K a year. Get to work 14 hours a day and have the public all over their back. No thank you.
@bluedoughnut1334 I'm not paying the people who work in your office with a portion of my income. Poor comparison. When the tories put up dodgey expenses, it was a scandal, when labour do it, suddenly it's OK because someone in your office makes more money than. Stop being a hypocrite.
@italianbirdvideos6190 Well, they would, clearly. They're not obligated to do it, so if you're so short-sighted as to see there's obviously a bigger reasoning for them, then I can't help you.
Unfortunately, Brexit dampening of the economy will really fall on this government. The previous governments seemed to get a bit of a pass, because some transition bumps were expected, even if choices like the mini budget seemed to enhance the bumps. Now, it's all settled into a steady state where businesses dependent on sales to EU countries have sized to their smaller market, shuttered, or moved abroad. With fewer markets, it'll be hard to grow. Labour needs to confront trade. (The scope domestically for being simulating is only so much.)
Guys, toughen up with your questions please, this was like listening uni student interviewing a politician. Were this questions generated by chatGPT? Actually I think even uni students would be more savvy with questions.
It’s an ambitious target - growth to gain more tax. Basically what Liz Truss was trying to do but with a different method. I don’t know how they will raise the revenue to improve services and the infrastructure that will eventually produce the growth. She said they need 3/4 to come from private investment, but if taxes are punitive, they won’t receive that investment. It’s a long game and will be interesting to see if they succeed. In the meantime, lots of small companies are closing for good or moving abroad mostly due to higher taxes , more legislation and employee rights. I hope Labour succeeds, but it will take their term to see results unless there’s huge private investment. A socialist government and capitalists working together 🤔
Pretty based
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All i can really say is that i have a closer eye on this government then I've had on others now that I finally have a government I voted for in power. This was a soft ball interview but I'm not surprised, they really just need to stick with their commitments here or they won't survive another GE.
_"Grow the economy"_ - isn't that Liz Truss' line?
Seems like successive governments turn the spending dial back and forward each saying that it will "grow the economy". Is this dial broken or something?
4:30 Austerity was coined as a policy... by Labour in 1945. 😅
And cutting WAS austerity (cutting spending).
Taken a while, but I've sadly realised Rachel Reeves is frequently dishonest.
Comment to help with al gore rhythm
Dominik Mysterio
Predictions for 5 year's time:
1. Despite all of the billions the taxpayers will pump in to new wind farm subsidies, our energy bills wont be noticeably or meaningfully cheaper.
2. GB Energy's primary beneficiaries will be established fossil fuel businesses, Labour party donors and fraudsters.
3. Anyone who works for a living or lives off benefits will be poorer, sicker and more miserable.
4. Driving will be prohibitively expensive for the working class.
5. Income tax thresholds will be the same as they are today, meaning Labour WILL, in fact, have raised income tax.
You sound like a Russian propaganda piece. Could you inspire any more pessimism and apathy for your own people?
GB energy’s main goal is renewable energy so I don’t know how the main beneficiaries will only be fossil fuel companies and labour donors. Everyone will benefit through lower emissions, cleaner air, and stable bills (lower relative to incomes).
If you live off benefits and aren’t able to work you will be the same, if you can work you should return to work (with help from companies to accommodate your needs)
Workers rights are a central focus of this Parliament and from just 80 days we’ve seen what good changes they’re already going to make.
Driving will be more expensive and it should be, that extra money should go to public transport.
And income tax thresholds will hopefully increase in 2028 when they are set to.
She comes across like a Tory. If it walks like a duck, quacks like a duck, it is a duck.
Or someone imitating a duck.
@@heldercaze6333so far she pulling it off.😂
Her son is an labour mp
That isn’t true…