Labour confronts £20bn black hole
Political Fix26 Heinä 2024

Labour confronts £20bn black hole

The chancellor Rachel Reeves is about to confront the British public with the size of the black hole in the country’s finances. A funding shortfall of about £20bn is likely to lead to tax rises at the Budget later this year. So — how to fix the problem? The FT’s political editor George Parker sits down with colleagues Stephen Bush and Robert Shrimsley to consider the government’s options. Plus, the FT’s infrastructure correspondent Gill Plimmer outlines the scale of the debacle that is the cancellation of the high-speed rail link between Birmingham and Manchester.


Want more? Free links:


Rachel Reeves to pave way for UK Budget tax rises in ‘spending audit’


Expect a Tory leadership race mired in bitter and personal fights


Thames Water’s credit rating slashed to ‘junk’


Britons may need to be put off taking trains due to HS2 curtailment, watchdog says


Follow George on X @GeorgeWParker, Stephen @stephenkb. Robert @robertshrimsley, Gill @gillplimmer1


Sign up for 30 free days of Stephen Bush's Inside Politics newsletter, winner of the World Association of News Publishers 2023 ‘Best Newsletter’ award:

https://ft.com/insidepoliticsoffer


Presented by George Parker. Produced by Audrey Tinline.

The executive producer is Manuela Saragosa. Audio mix and original music by Breen Turner. The FT’s global head of audio is Cheryl Brumley.


Read a transcript of this episode on FT.com


Hosted on Acast. See acast.com/privacy for more information.

Jaksot(573)

Who’s afraid of Nigel Farage?

Who’s afraid of Nigel Farage?

Prime Minister Keir Starmer and Reform party leader Nigel Farage clashed on economic issues this week. Farage said his party was the champion of the working class, while Starmer warned Farage’s propos...

30 Touko 202535min

Is Labour’s post-Brexit reset a victory or a betrayal?

Is Labour’s post-Brexit reset a victory or a betrayal?

The UK and EU announced a historic deal to ‘reset’ their relationship this week. Keir Starmer called the deal a “win-win”, while a “gobsmacked” Kemi Badenoch labelled it a “surrender”. Who’s right? Ho...

23 Touko 202532min

Labour's immigration crackdown

Labour's immigration crackdown

It’s been another turbulent week for Labour after Keir Starmer announced a crackdown on legal migration. The prime minister gave what has since become a controversial speech suggesting the UK is at ri...

16 Touko 202536min

Ask Political Fix: Trade, tax and leftwing pacts

Ask Political Fix: Trade, tax and leftwing pacts

Our first Q&A special episode is finally here! You sent in questions, now our panel answers them. Is the UK-US trade deal worth the paper it’s signed on? Could the UK benefit from a brain drain from t...

9 Touko 202543min

Local elections special: end of the two-party duopoly?

Local elections special: end of the two-party duopoly?

This week, we’ve seen Reform UK trounce Labour and the Conservatives across England in local elections. Nigel Farage’s party has secured a fifth MP, clinched two mayorships and seized control of at le...

2 Touko 202535min

Reform on the march? Our local elections guide

Reform on the march? Our local elections guide

Ahead of England’s local elections next week, the Political Fix team pick the races to watch and what’s at stake for the main parties, as voters head to the polls to elect 1,600-odd councillors, six m...

25 Huhti 202539min

What is a ‘woman’ in law? The Supreme Court ruling

What is a ‘woman’ in law? The Supreme Court ruling

The UK Supreme Court issued a landmark ruling this week about the legal definition of a woman in equality legislation. Judges ruled that a woman is someone who is born biologically female. Host Lucy F...

17 Huhti 202536min

Markets or Trump: who’s in charge?

Markets or Trump: who’s in charge?

The markets have gone haywire since Donald Trump’s announcement — and then pause— of a host of new US tariffs. Host Lucy Fisher is joined by Political Fix regulars George Parker and Miranda Green, plu...

11 Huhti 202544min

Suosittua kategoriassa Politiikka ja uutiset

aikalisa
rss-ootsa-kuullut-tasta
tervo-halme
ootsa-kuullut-tasta-2
politiikan-puskaradio
viisupodi
et-sa-noin-voi-sanoo-esittaa
otetaan-yhdet
rss-asiastudio
rss-vaalirankkurit-podcast
rss-podme-livebox
linda-maria
the-ulkopolitist
rss-kaikki-uusiksi
rss-tekkipodi
rikosmyytit
rss-mina-ukkola
rss-kuka-mina-olen
rss-raha-talous-ja-politiikka
rss-kyselytunti