To tax, but who to tax, that is the question
Political Fix7 Marras 2025

To tax, but who to tax, that is the question

With just three weeks to go until the Budget, Rachel Reeves gave a surprise speech to reset expectations on who she’s planning to hit with more taxes on November 26. This has fuelled further speculation about whether the government's central manifesto pledge to not raise income tax rates is now doomed.


Host Miranda Green is joined by FT colleagues Jim Pickard, Sam Fleming and Katie Martin to discuss the chancellor’s options: a pick’n’mix of tax rises or breaking a central pledge to the electorate. What then happens to the Labour government’s credibility, and how are the markets likely to react? Plus: can Reform become fiscally respectable?


Follow Miranda @greenmirandahere.bsky.social; Jim @pickardje.bsky.social; and Katie @katie0martin.ft.com


Want more?


What are Rachel Reeves’ tax options in the Budget?


Bond markets are winning the Budget stand-off


Robert Shrimsley: The inescapable logic of Labour’s choices


Inside Politics: Why Rachel Reeves won’t raise income tax


Paywalled: End of The Line: how Saudi Arabia’s Neom dream unravelled


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 Miranda Green 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 Andrew Georgiades. The FT’s acting co-head of audio is Manuela Saragosa.


Clip from ITV


Read a transcript of this episode on FT.com

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

Jaksot(573)

Keir Starmer’s debut on the global stage

Keir Starmer’s debut on the global stage

Keir Starmer’s quest for closer EU ties received a tacit nod from US President Joe Biden as the UK prime minister made his global debut at the Nato summit in Washington. Biden told Starmer that Britai...

12 Heinä 202441min

Keir Starmer enters his imperial phase

Keir Starmer enters his imperial phase

As Sir Keir Starmer appoints his cabinet and unveils his first raft of policies, host Lucy Fisher is joined by the FT’s deputy political editor Jim Pickard and columnist Stephen Bush to assess the new...

9 Heinä 202435min

Election special: Starmer moves into Number 10

Election special: Starmer moves into Number 10

As Sir Keir Starmer steps over the threshold of Number 10, FT experts answer audience questions about what to expect from the new Labour government. Will Keir Starmer’s landslide victory lead to lasti...

5 Heinä 202459min

Campaign catch-up: election-eve predictions and verdicts

Campaign catch-up: election-eve predictions and verdicts

Labour is heading for the biggest “landslide majority” Britain has ever seen. That’s the verdict from Mel Stride, one of prime minister Rishi Sunak’s closest ministerial allies, who has in effect conc...

3 Heinä 202436min

Could the election results still surprise us?

Could the election results still surprise us?

With under a week to go until polling day, Lucy Fisher and her panel — the FT’s Miranda Green and Stephen Bush — pull together the threads of the campaign to explore the remaining ‘known unknowns’ in ...

28 Kesä 202436min

Campaign catch-up: Why this UK election result could be the most distorted ever

Campaign catch-up: Why this UK election result could be the most distorted ever

The Conservatives’ embattled campaign suffered yet another setback this week, as the betting scandal escalated and the party finally suspended two candidates ensnared by the row. But when did it first...

25 Kesä 202428min

Is this the Tory death spiral?

Is this the Tory death spiral?

An election-betting scandal is sending the Tory campaign into freefall. The latest blow to the Conservatives comes as some polls predict a wipeout for the party on July 4. The FT’s Whitehall editor Lu...

21 Kesä 202441min

Campaign catch-up: Labour’s dash for growth

Campaign catch-up: Labour’s dash for growth

Labour is promising voters not to raise a raft of taxes, not to borrow to fund day-to-day spending and not to return to austerity with major cuts to public services. How will it manage this? Shadow ch...

18 Kesä 202431min

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