Should Rachel Reeves keep her tax promises - or just break them?

Should Rachel Reeves keep her tax promises - or just break them?

Rachel Reeves is in a sticky position ahead of the Budget.
Forecasts suggest she will need £30billion to balance the books - and having made such a fuss about the Tory 'black hole' and her fiscal rules, the Chancellor is in a bind.
Problematically, the government also painted itself into a corner with Labour's election pledge not to raise income tax, national insurance or VAT - which amount for two-thirds of tax revenue.
So what can Rachel Reeves do? Should she fiddle at the edges and try to raise bits here and there, distorting behaviour with tax even more, or should she break that promise and hike one of the big three.
On this week's podcast, Georgie Frost, Helen Crane and Simon Lambert look at why the Chancellor is in a pickle and what leading economists at the IFS say she could do.
And whether just because she could, does it mean she should?
Plus, should you doom prep your finances, why are millennials becoming landlords and would you ride in a driverless taxi?

Follow us on Instagram @dmgnewmedia.

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Email us hello@dmgmedia.co.uk

Text us 020 7938 6000.


Hosts: Georgie Frost, Simon Lambert, Lee Boyce, Helen Crane

Producer: Georgie Frost

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Halifax to vanish as Lloyds ditches the brand - should we care?

Halifax to vanish as Lloyds ditches the brand - should we care?

Goodbye Halifax! It’s being scrapped by Lloyds after 173 years. But why would you kill off one of Britain’s best known and trusted banking brands?Georgie Frost, Lee Boyce and Simon Lambert discuss the...

3 Heinä 48min

Bonus episode: Bank of England's Victoria Cleland on the future of cash - and wildlife on banknotes

Bonus episode: Bank of England's Victoria Cleland on the future of cash - and wildlife on banknotes

On this bonus episode of the This is Money podcast, Lee Boyce speaks to Bank of England chief cashier Victoria Cleland on her views over the future of cash.We talk about why preserving choice in payme...

1 Heinä 15min

Can Andy Burnham fix Britain's tax and financial headaches?

Can Andy Burnham fix Britain's tax and financial headaches?

Another one bites the dust. Sir Keir Starmer has resigned just two years in to being Prime Minister.This latest rotation of Britain's PM merry-go-round comes despite Starmer having done nothing partic...

26 Kesä 42min

Should you ask for an early inheritance?

Should you ask for an early inheritance?

Most families don't pay inheritance tax but those that do can get hit with huge bills running into hundreds of thousands of pounds.With pension pots soon to be included in calculations, this is going ...

19 Kesä 49min

House prices vs inflation: The slow motion property slump

House prices vs inflation: The slow motion property slump

Follow us on Instagram @dmgnewmedia.Follow us on TikTok @dmgnewmediaFollow us on X @dmgnewmediaEmail us hello@dmgmedia.co.ukText us 020 7938 6000.Hosts: Georgie Frost, Simon Lambert, Lee Boyce, Helen...

12 Kesä 39min

The big inheritance shake-up for unmarried couples - and what it means

The big inheritance shake-up for unmarried couples - and what it means

The government is planning a major inheritance shake-up for unmarried couples but does it go far enough and will it trigger a wave of disputes?On this week's podcast Georgie Frost, Lee Boyce and Simon...

5 Kesä 52min

Would you take a £1m lump sum or £1,000 a week for life?

Would you take a £1m lump sum or £1,000 a week for life?

It's the sort of theoretical question you might discuss at the pub with your mates. If you won the lottery and had the choice, would you pick a £1million lump sum, or take £1,000 a week for life? Pol...

29 Touko 39min

Are you saving enough for a comfortable retirement?

Are you saving enough for a comfortable retirement?

Follow us on Instagram @dmgnewmedia.Follow us on TikTok @dmgnewmediaFollow us on X @dmgnewmediaEmail us hello@dmgmedia.co.ukText us 020 7938 6000.Hosts: Georgie Frost, Simon Lambert, Lee Boyce, Helen...

22 Touko 50min

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