Episode Details

On Friday’s episode of The Daily T, Camilla Tominey and Tim Stanley are joined by Sir Jeremy Hunt and Lord Lamont of Lerwick to discuss John Healey’s upcoming Budget.

The two former chancellors of the exchequer examine why Labour’s likely approach of raising taxes on banks and businesses could stifle economic growth, and why reducing the national debt is so important.

Sir Jeremy is critical of Labour’s public spending and argues that reform is urgently needed. “I think we should have a new rule, a fiscal rule, that outside emergencies governments will never increase public spending by faster than the growth rate of the economy,” he says.

The two former chancellors also answer a question Tim was desperate to ask: did they drink alcohol while delivering their Budget speeches at the despatch box?

► Get more exclusive Daily T content from The Daily T+ membership! Join here.

► We want to hear from you! Email us at thedailyt@telegraph.co.uk or find @dailytpodcast on TikTok, Instagram and X

► Sign up to our most popular newsletter, From the Editor. Look forward to receiving free-thinking comment and the day's biggest stories, every morning. telegraph.co.uk/fromtheeditor

The Telegraph is the Publisher Podcast Awards' Podcast Publisher of the Year 2026

Producer: David Levene

Senior Producer: Emma Williams

Studio Operator: Meghan Searle

Video & Social Producer: Nada Aggour

Executive Producer: Charlotte Seligman

Editor: Camilla Tominey

Highlights:

• Jeremy Hunt suggest there should be new rules about increasing public spending by more than the growth rate of the economy
• The two former chancellors warn John Healey about increasing taxes on banks and businesses

Hosted on Acast. See acast.com/privacy for more information.