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NMLS 696891. They are desperate to avoid this perception that it's the third big tax-raising budget,
but the numbers are moving against them.
Welcome everyone to The State of It, a political podcast from The Times and The Sunday Times.
We are delighted to be here live from Labour Conference.
I'm Stephen Swingford, the Epilogue of the Times, and we have here the great...
Let's start on the atmosphere of this conference.