In this episode of Political Business, hosts Nathan Parsad-Wyatt and Kevin McKeever unpack a week dominated by economic speeches and shifting political strategies.

📊 Rachel Reeves, the Chancellor, has set the scene for what’s being called “the most significant Budget in a generation.” With a £40 billion gap to fill, Reeves is preparing the public for tax rises across all demographics — a politically risky move that could breach Labour’s key 2024 manifesto pledges. Nathan and Kevin explore how the Treasury’s new “no surprises” communications strategy is designed to reassure markets while managing expectations across Westminster.

💷 Meanwhile, Nigel Farage has made a surprising pivot — stepping back from populist spending promises and moving towards a Thatcher-style focus on fiscal discipline and pro-business reforms. From City briefings to a renewed focus on credibility, Reform UK is repositioning itself as the new voice of the centre-right.

🏙️ And in London, Mayor Sadiq Khan’s Oxford Street Development Corporation takes a major step forward with the appointment of Scott Parsons as Chair. The hosts explain what this means for businesses, investors and developers — and why this apolitical, delivery-focused appointment signals a new phase for regeneration in the West End.

Plus, they discuss the rise of the populist left following Zohran Mamdani’s shock victory in New York, and what it could mean for London’s 2026 mayoral race.

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