Steph McGovern

speaker

4,471 appearances 51 recordings 6 series first heard Nov 2025 last heard 9 Sep

Steph McGovern’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 51 in all, peaking in Aug 2026 with 9.

Appearances

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The Rest Is Money · 311. Why is the US debt crisis a big problem for Burnham? · 6 Sep 2026 podcast

It's not even bringing down our debt if we just pay that. matched

So obviously, this is a big worry now for the Chancellor coming in with his first budget on the twenty eighth of October, because that buffer we have as a country, you know, the fiscal headroom. matched

Rachel Reeves thought she'd set aside about twenty four billion for that in her last budget uh before she uh left the job. matched

It doesn't look like we're anywhere near that, you know, it it it fourteen billion at best is what lots of people are saying. matched

But Robert, what's your feeling on what this budget is gonna be like this October? matched

Isn't it interesting as well that our friend of the show, Jim O'Neill, who we talk to a lot about what's going on, um, was looking like obviously he's been advising Burnham for some time now, and was looking like he was gonna join Burnham's government and hasn't. matched

And it's looking like the reason for that is quite as frankly what you've just said, the fact that they, you know, we haven't got matched

A plan for how we're gonna fund these projects properly. matched

And you know, he talked to us, didn't he, about these sacred cows, about the you know, getting rid of things like the triple lock on pensions, you know, the importance of the need to cut welfare. matched

And it feels like, Robert, what's your thoughts? matched

That it it sounds like the government mustn't have plans to do that, and that is why Jim is like, Well, I can't join you then because matched

Because you're not gonna you're not gonna do the things you need to to be able to fund the spending you wanna do. matched

Yeah, it's always the same thing though. matched

It's that worry about the older voters, isn't it? matched

It it's that concern that they would just won't vote. matched

Just to put some numbers on that as well, you know, when we're talking about this uh triple lock in terms of how much it's costing the government, you know, if we if you look at the state pension overall, it it's about a hundred and forty billion pounds a year that it costs. matched

Um and in terms of the the triple lock and how much that adds every year, it's it's in the matched

You know, it's it's often more than ten billion pounds a year that's been added to that bill just from the f how much it goes up by because of the triple lock, which is, you know, not sustainable as you say, that could be money, that could be and it'd still have to go up, of course, every year, the state pension, but not by if it wasn't as much, that would be money to spend on things that he wants to make a real difference with. matched

Yeah, I think you've hit the nail on the head about the the messaging and the storytelling. matched

It's it's about how you it 'cause one of the things we talk about this loads and we talk to Gordon Brown about it, about this broken communities, about people are feeling they're against each other and you know, all of the problems that creates. matched

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