In today’s deep-dive episode of Holyrood Sources, we break down one of the most contentious and politically charged budgets in years — Rachel Reeves’ first full Labour Budget. With Scotland at the centre of the economic and political fallout, the team scrutinises what this Budget means for Scottish jobs, taxation, public services, welfare, the North Sea, and the Scottish Government’s own finances ahead of its budget in January.

Calum Macdonald, Geoff Aberdein and Andy Maciver offer a forensic, often fiery discussion about the political strategy behind the Budget, the reaction from business, the impact on the working-class vote, and why Scotland’s oil and gas sector has been thrown into turmoil.

We are also joined by Mairi Spowage, Director of the Fraser of Allander Institute, who delivers an expert, evidence-based explanation of what the Budget really means for Scotland’s economy, the Barnett consequentials, and the decisions now facing the Scottish Government.

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