The Mike Graham Show Returns — Labour’s Budget Falls Apart Under the Numbers
We break down why Labour’s Budget doesn’t add up, expose the chaos behind the numbers — and reveal our Plank of the Week.
Labour’s Budget is worse than advertised — and the numbers prove it.
I joined the first episode of the new Mike Graham Show to break down what the Budget really means for the country. Below is the full clip and a sharp recap of the biggest revelations.
💷 The £92bn Budget Blowout
Labour says they “inherited a mess”. But since taking power, they’ve borrowed £92bn more than the OBR expected. That’s why taxes are rising across the board. The finances aren’t under control.
📉 170,000 Jobs Lost Since the Election
We talked through the real-world impact:
Hospitality cutting hours and staff
Businesses hit by National Insurance hikes
Young workers priced out by steep minimum wage rises
These aren’t AI-replaced jobs. They’re the entry-level roles young people rely on — and they’re disappearing fast.
📉 Growth Has Stalled — and Public Spending Is Propping Up GDP
The economy contracted again in September. The only thing holding GDP flat is the expanding public sector, not the private economy. I called this out directly: Britain is “borrowing to stand still”.
🏠 Chaos of the New Property Tax
The proposed revaluation system is unworkable. Neighbours with similar homes could end up in different tax brackets — and people just above £2m may literally be incentivised to downgrade their own homes to fall below the threshold.
🔌 The EV Mileage Tax Has No Delivery Mechanism
The government wants to charge EV drivers per mile — without a functioning way to record mileage. Ideas floated include:
“Honesty box” self-reporting
Mandatory MOTs every year, even for cars that don’t need them
It’s bureaucracy for the sake of it.
📉 The Migration Reality: 53,000 Asylum Seekers Missing
A Home Office whistleblower revealed that 53,000 asylum seekers have vanished. Digital ID won’t fix a system already overwhelmed by 18-month processing times and endless appeals.
🌾 Farmers Targeted Without Warning
Farmers were told they could protest — then threatened, blocked, and arrested.
This wasn’t in the manifesto and hits a sector already under pressure. The tax yield from the proposals is tiny — the damage to British farming is huge.
🏃♂️ One Million Brits Have Left the UK in Four Years
Net migration only fell because more Britons are leaving, not because fewer people are arriving. We’re exporting taxpayers and importing dependants — a model that cannot sustain itself.
I’ll be regularly appearing on the new Mike Graham Show, and I know many of you have enjoyed the back-and-forth we’ve had over the years. It’s good to see Mike back — and even better to be bringing proper stats and straight talking to his new platform.
You can find Mike on Substack here…
✍️ Jamie Jenkins
Stats Jamie | Stats, Facts & Opinions
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