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 TheDailyT@telegraph.co.uk or find us on X, Instagram and TikTok @dailytpodcast

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