Reeves’ £30bn treasure hunt
Political Fix31 Loka 2025

Reeves’ £30bn treasure hunt

With a month to go until the Budget, chancellor Rachel Reeves needs to find a projected £30bn to balance the books. And the forecasts are not in her favour, with the OBR’s bigger than expected productivity downgrade dealing another blow to the Treasury this week. So where will the chancellor find the money – and if Labour have no choice but to break their manifesto tax pledge, where will that leave them with the electorate?


Host George Parker is joined by associate editor and columnist Stephen Bush, chief UK commentator Robert Shrimsley and the FT’s economics editor Sam Fleming.

Follow George: @georgewparker.bsky.social, @GeorgeWParker; Stephen at @stephenkb and Robert @robertshrimsley.bsky.social


Want more?


Reeves faces £20bn hit to public finances from productivity downgrade


Keir Starmer puts Labour MPs on notice for Budget tax rises


Starmer refuses to stand by manifesto tax pledge


Letting agent admits mistake in Reeves’ rental tax row


Sign up here for Stephen Bush's morning newsletter Inside Politics for straight-talking insight into the stories that matter, plus puns and tongue (mostly) in cheek analysis. Get 30 days free.


Plus, the FT is hosting a live webinar on November 28 on what the UK Budget will mean for your money. You can put questions to FT journalists Claer Barrett, Stuart Kirk, Tej Parikh and special guest, tax expert Dan Neidle. Get your free pass now at ft.com/budgetwebinar.


Our email address is politicalfix@ft.com


Political Fix was presented by George Parker and produced by Lulu Smyth. The executive producer is Flo Phillips. Original music and mix by Breen Turner. The video engineers are Bianca Wakeman and Petros Gioumpasis. The FT’s acting co-head of audio is Manuela Saragosa.


Clip from BBC


Read a transcript of this episode on FT.com

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

Jaksot(573)

Trump and Reform: Is US-style populism set to sweep the UK?

Trump and Reform: Is US-style populism set to sweep the UK?

Donald Trump has stunned the world with a raft of extraordinary interventions this week, prompting Keir Starmer to keep his head down. But what happens when it’s Britain’s turn in the new US administr...

7 Helmi 202543min

Growth – and damn the consequences?

Growth – and damn the consequences?

Chancellor Rachel Reeves has sought to place rocket-boosters under the UK economy this week – with a vow to prioritise growth over the environment or nimbyism. But how long will her plan take to work,...

31 Tammi 202539min

Trump turbulence: How should Labour play it?

Trump turbulence: How should Labour play it?

Donald Trump returned to the White House this week, with a host of radical plans that threaten to heavily affect the UK – spanning tariffs, the Ukraine war, energy and climate policy. How should the B...

24 Tammi 202538min

Reeves vs the markets

Reeves vs the markets

Turmoil in the bond markets has caused turbulence for Rachel Reeves this month, with grumbles about her performance – and that of the UK economy – growing louder. This week, Political Fix asks who’s i...

17 Tammi 202543min

Musk and the new political playbook

Musk and the new political playbook

Elon Musk’s hostility towards the UK government, and Sir Keir Starmer in particular, continues to escalate – prompting concerns he’s been radicalised by his own algorithm. What’s driving the technolog...

10 Tammi 202542min

2025: Labour’s year of pain?

2025: Labour’s year of pain?

After a rocky start in office for Labour, the next 12 months will prove pivotal for the UK government. Sir Keir Starmer must grapple with dismal popularity ratings, tough public finances, anaemic grow...

3 Tammi 202544min

Quizmas special: Political Fix’s nerd out!

Quizmas special: Political Fix’s nerd out!

Who threatened to launch an aquatic assault on the Dutch town of Leiden? And which political candidate pledged to force water bosses to take a dip in British rivers? Find out as host Lucy Fisher puts ...

19 Joulu 202440min

Farage: more popular than the PM

Farage: more popular than the PM

Reform UK is now beating Labour in one pollster’s survey, while party leader Nigel Farage is Ladbrokes’ favourite to succeed Keir Starmer as the next prime minister. This week Political Fix examines w...

13 Joulu 202435min

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-vaalirankkurit-podcast
rss-asiastudio
rss-podme-livebox
the-ulkopolitist
rss-kaikki-uusiksi
rss-tekkipodi
io-techin-tekniikkapodcast
rikosmyytit
rss-mina-ukkola
rss-fingo-podcast
rss-hyvaa-huomenta-bryssel
rss-kuka-mina-olen