With just 24 hours until the Autumn Budget, desperation appears to have set in, with the Chancellor meeting Labour MPs in a last-ditch attempt to get the party behind her tax-raising plans.

Camilla and Tim look at why it’s too little, too late for Rachel Reeves; how fiscal drag means her tax raids will hit middle earners; and which Cabinet members will be caught up in Labour’s mansion tax.

Plus, Tim went to watch Samir Shah’s appearance before the culture committee yesterday, and explains why the BBC chairman should step down after “the most astonishingly bad performance” he’d ever seen.

Read: Why we’ll all be dragged into Reeves’s ‘mansion tax’ before long

We want to hear from you! Email us at [email protected] 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

Producer: Lilian Fawcett

Senior Producer: John Cadigan

Video Producer: Will Walters

Studio Operator: Andy McKenzie

Executive Producer: Charlotte Seligman

Social Producer: Nada Aggour

Editor: Camilla Tominey

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