Politics UK
The Budget Explained: 7 Big Things You (May Have) Missed – TLDR News
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Yesterday, Chancellor Rishi Sunak unveiled his new Budget (well unveiled the parts that hadn’t already been pre-announced). In the speech we learned about the government’s plans to adjust universal credit, taxes on alcohol, support small businesses, and more. So in this video we rundown what happened, the context of the announcement and highlight some things you might have missed.
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1 – https://inews.co.uk/news/politics/budget-2021-predictions-announcement-new-measures-list-rishi-sunak-autumn-statement-1266821
2 – https://twitter.com/PJTheEconomist/status/1452589956443086848?s=20
3 – https://twitter.com/BenZaranko/status/1452586572528996354?s=20
4 – https://twitter.com/BenZaranko/status/1453335701987201029/photo/1
5 – https://twitter.com/BenZaranko/status/1447890733160177665?s=20
6 – https://www.lgcplus.com/finance/councils-to-get-biggest-core-funding-rise-for-over-a-decade-27-10-2021/
7 – https://twitter.com/HelenMiller_IFS/status/1450385877100867588
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00:00 – Intro
00:31 – Context
04:17 – Inflation Control
06:20 – Improving Public Services
07:06 – Local Government Spending
07:45 – New Skills
08:30 – Changes to Tax on Alcohol
10:14 – Business Rates
10:33 – Fuel Duty & Flights
11:06 – Universal Credit
11:56 – Conclusion
source
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As oil drilling moves closer to reality, we explore how it could transform the Falkland Islands’ economy, politics, and long-running sovereignty dispute with Argentina.
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Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
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SOURCES
FT Argentina Angered By Prospect of Oil Boom in Falklands
https://www.ft.com/content/ce25f41d-49e2-42e3-956e-dab0de9301e4?syn-25a6b1a6=1
The Times Drilling to go Ahead at Sea Lion Oilfield
https://www.thetimes.com/business/companies-markets/article/drilling-confirmed-sea-lion-oil-field-rockhopper-falklands-5nz8npwpw
The Times Falkland Islands $4bn Oil Bonanza
https://www.thetimes.com/business/economics/article/falkland-islands-4bn-boost-oilfield-go-ahead-6crtkvqzk
Yahoo Finance The Falklands are Turning into a Mini Dubai
https://finance.yahoo.com/economy/articles/falklands-quietly-turning-next-dubai-180437990.html
BBC News Quick Guide: The Falklands Economy
http://news.bbc.co.uk/nol/shared/spl/hi/picture_gallery/07/in_pictures_the_falklands_economy/print.stm
0:00 How the Falklands are Becoming a Petrostate
7:07 Sponsor
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The UK government recently released a green paper outlining plans that could fundamentally change the way YouTube works in the UK – favouring public service broadcasters (like the BBC) and potentially killing independent creators (like us).
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Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
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In this video, we’re going to have a look into the Clacton by-election, why the other parties have stood down, what Farage’s plan is, and why it seems like it may have already backfired.
📰 Too Long: https://toolong.news/
🎉 TLDR Party: https://toolong.news/pages/tldr-party
📖 Read our Manifesto: https://tldrnews.co.uk/manifesto
Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
SOURCES
Telegraph Farage By-Election Gamble Turns to Farce
https://www.telegraph.co.uk/politics/2026/07/07/farage-resigns-but-by-election-gamble-turns-to-farce/
BBC News Farage’s Political Rivals Rule Out Standing in Clacton
https://www.bbc.co.uk/news/articles/cjdg4y3g0z7o
The Guardian Political Rivals Vow to Boycott By-Election
https://www.theguardian.com/politics/2026/jul/07/nigel-farage-quits-as-mp-amid-scrunity-over-finances-clacton-reform
Politics Home Labour and Tories Refuse to Field Candidates
https://www.politicshome.com/news/article/labour-tories-refuse-stand-candidates-clacton-byelection
Politico Badenoch Says Farage Cracking Under the Pressure
https://www.politico.eu/article/kemi-badenoch-nigel-farage-pressure-by-election/
0:00 Nigel Farage vs Count Binface: The Clacton By-Election Explained
6:47 Sponsor
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It seems pretty much a certainty that Andy Burnham will be the next British prime minister. Exactly when it happens depends on a few factors. We outline some of the reasons an early general election is likely.
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📖 Read our Manifesto: https://tldrnews.co.uk/manifesto
Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
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@rbo3193
December 23, 2023 at 9:25 pm
I charge our client 1 million a month average, (profit 30%)
i get paid 21k per year
No salary increase last year
We are slaves just know this please…… they never help us……lots of love♥️✝️
@rbo3193
December 23, 2023 at 9:25 pm
If they pose a favour to you, it actually works against you……
When you get fat your clothes dont lie to you……. When you see a dip in net salary your payslip wont lie to you
No favours here for us workers only more money out …… much love ♥️✝️ (be prudent everywhere)
@bobbytaylor4050
December 23, 2023 at 9:25 pm
0:21 £425 to fight crime
@shortforchange
December 23, 2023 at 9:25 pm
4:23 and so the drinking begins.
@mhah1035
December 23, 2023 at 9:25 pm
3:00 435 quid for crime? No wonder why we have so many stabbings
@adam346
December 23, 2023 at 9:25 pm
maybe I am just unaware of UK politics but is it normal for the speaker of the house to suggest someone resign over… well, I guess leaking parliamentary documents?
@lennon890
December 23, 2023 at 9:25 pm
It is parliamentary tradition that whilst making the Budget Speech the Chancellor may drink whatever he or she wishes, including alcohol which is otherwise forbidden.
@redakteur3613
December 23, 2023 at 9:25 pm
Aghhh stupid people, any of these games with taxes haven’t got any point. There have to be right libertinism, politics just hype with all of these useless regulations
@Theonevidz
December 23, 2023 at 9:25 pm
Talking pints with Jack Farage
@edsiles4297
December 23, 2023 at 9:25 pm
COP26 is pure greenwashing.
Change my mind.
@reubenm.d.5218
December 23, 2023 at 9:25 pm
£435 for preventing crime?! Lightweights.
2:59 😉
@michaelgreen1515
December 23, 2023 at 9:25 pm
Were the OBR figures accurate?
Or erroneously miscalculated on request?
@DaWrecka
December 23, 2023 at 9:25 pm
I wasn't expecting this budget to be so generous… but that's only because the Tories have set the bar so low it's not it's not even on the surface any more, to the point where nobody with a soul could actually describe it as "generous" without severe qualification.
@matthewlowther1457
December 23, 2023 at 9:25 pm
guess what pontius pilate had the right idea
@ash-3216
December 23, 2023 at 9:25 pm
I don't see a government ready to tackle a climate emergency or doing anything particularly radical. Personally I'd happily stomach higher public spending on green technologies (and jobs) and grid integration, especially as these are investments we could see a return on socially, environmentally and economically. This could be done alongside reskilling a workforce like Germany is doing when it closes coal mines.
@georgeegeorgee
December 23, 2023 at 9:25 pm
I'm glad to see that this channel promotes alcoholism.
@shush2906
December 23, 2023 at 9:25 pm
I don't know if he has done this in other videos but he was legit drinking a pint between takes, like every few takes the pint would just go down
@H.H.NotAnExpert
December 23, 2023 at 9:25 pm
8:01 Damn, Japan! How are you more literate than numerate, not to mention more literate than so many other countries with easier writing systems?
@H.H.NotAnExpert
December 23, 2023 at 9:25 pm
The most interesting item to me was the £5 billion spent on genome sequencing you listed as something already prematurely announced.
@JerzyFeliksKlein
December 23, 2023 at 9:25 pm
What are the chances that the "leveling up" money for local governments will go predominantly to constituencies which voted Tory?
@dog-ez2nu
December 23, 2023 at 9:25 pm
Oh fuck, the politicians are talking about inflation again, this won't go well.
@bob1784free
December 23, 2023 at 9:25 pm
A very kind budget considering we’ve just been COVID for 2 years.
@bob1784free
December 23, 2023 at 9:25 pm
U.K. flights tax freeze. How else can you get to NI ?
@andreasarnoalthofsobottka2928
December 23, 2023 at 9:25 pm
So basically the tories are planning for the next couple years to reverse the policies they did during the Last couple of years. Now, does that mean they actually learned s/th ?
@angrytedtalks
December 23, 2023 at 9:25 pm
The purpose of Parliament is to debate stuff. Why should the MPs have to wait for the official release of the budget before criticising it? The public announcement should be the approved, final draft, no longer available for debate.
@hugocartwright8273
December 23, 2023 at 9:25 pm
Has TLDR just given up on objectivity? Don't get me wrong, I still love most videos, but I think they either need to revaluate their efforts or just stop pretending that they're objective.
@swanchamp5136
December 23, 2023 at 9:25 pm
I swear Rishi referred to domestic flights as a daily living cost like the majority of the country just flies everywhere every day internally.
@y.k.9679
December 23, 2023 at 9:25 pm
keep them coming
@mh1593
December 23, 2023 at 9:25 pm
3:00 –> £435 for preventing crime. hahahaaaa….
@miramardesign
December 23, 2023 at 9:25 pm
ill drink to lower taxes on drink
@leahryan5560
December 23, 2023 at 9:25 pm
As an American who’s been watching Spitting Image, all I see is Sunak in puppet form😂😂
@davidmcculloch8490
December 23, 2023 at 9:25 pm
Usual smoke and mirrors, amounting to LEVELLING DOWN. The greatest omission: climate change. Instead of ambitious plans to offset it, we have effectively subsided internal flights. No mention in his speech…more concerned about electoral slogans and vacuous bullshit.
@airfranco8293
December 23, 2023 at 9:25 pm
If the average public sector worker wage is 81K thousand a year and we have 5.6 million public sector workers in the UK that's 480 billion. 40% of our taxes are given to 8% of our citizens. Yet nurses doctors police teachers sanitary workers and most foot soldiers get shafted!.? Yet Boris and his cronies get 150K a year. Get a grip. They dont and wont ever give shit about anyone other than there own self interest. Even PCCs (we have 333 of them) get 80k a year and there politically affiliated what the actual hell? We even have ten UK high judges who get paid 250K a year to say "well you can't prove it didn't happen so therefore it must have". Bloody stupid.
@blueknight07
December 23, 2023 at 9:25 pm
Can i just say that the idea of having a levelling up department sounds ridiculous
@willmoore505
December 23, 2023 at 9:25 pm
What are we blaming Brexit for today ? Liberal extremism?
@Roman500
December 23, 2023 at 9:25 pm
Is this guy being funded by the tories?
@yips_way
December 23, 2023 at 9:25 pm
Tax Youtubers more if they decide they want to put their ugly mugs on their videos which distracts from the video subject. By the way, is your twin brother the short arse who does the car throttle videos? Just curious ;p
@pineappleman3321
December 23, 2023 at 9:25 pm
still waiting for the integrated rail plan. smh
@willmoore505
December 23, 2023 at 9:25 pm
China in energy crisis= Blame Brexit
France gives 37 million citizens €100 to help with petrol costs= Blame Brexit
USA has a HGV driver shortage=Blame Brexit.
Sand in your mangina= Blame brexit.
@Jill_of_trades
December 23, 2023 at 9:25 pm
… Don't get fatter Commentator otherwise you will be overweight worried face
@JonathanXLindqviust
December 23, 2023 at 9:25 pm
UK government: Steals 50 quid from you, gives you 20 back in "large spending". Enjoy that inflation, increased cost of living and rent etc. ontop of that
@nexofilipe
December 23, 2023 at 9:25 pm
Well done mate. Very clear and unbiased explanation. Keep up with the good work
@chloeturner1414
December 23, 2023 at 9:25 pm
Just imagine we didn't get the Tory's in and Labour maintained the borrowing and spending after the 2009 financial crash. Then Corona happened how much worse off we would all be, they're savings have helped us for this moment. They really do deserve a pat on the back for all this