And how Labour's Budget it threatening family firms. President-elect Donald Trump is handing out big jobs before his January inauguration and has announced that billionaires Elon Musk and Vivek Ramaswamy will head a new Department of Government Efficiency to cut bureaucracy in the US Government. Kamal and Tim discuss Trump's current cabinet picks and if cutting the size of the state actually works. Plus, we're joined by the owner of a 135-year-old steelmaker who says he won’t be able to pass his business down to his children due to Labour's changes to inheritance tax. We want to hear from you! Email us at [email protected] or find us on X, Instagram and TikTok @dailytpodcast Producers: Lilian Fawcett and Georgia Coan Senior Producer: John Cadigan Executive Producer: Louisa Wells Planning Editor: Venetia Rainey Production Co-ordinator: Ryan Gudge Video Editor: Luke Goodsall Studio Operator: Meghan Searle Social Media Producer: Niamh Walsh Original music by Goss Studio Hosted on Acast. See acast.com/privacy for more information.