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(586)

Rishi Sunak’s dash for oil and gas

Rishi Sunak’s dash for oil and gas

Rishi Sunak calculates that by portraying himself as “on the side” of motorists and adopting a “pragmatic and proportionate” approach to climate change, he’s aligning himself with the views of middle ...

3 Elo 202335min

The end of the green consensus?

The end of the green consensus?

Rishi Sunak has signalled he plans to soften his eco policies to avoid heaping extra “hassle” and expense on the British public. The FT’s Lucy Fisher is joined by columnist Robert Shrimsley and deputy...

28 Heinä 202333min

By-elections special: Tories face double blow, but avoid 3-0 drubbing

By-elections special: Tories face double blow, but avoid 3-0 drubbing

The Conservatives faced a rout in both Selby and Somerton, but is their narrow win in Uxbridge enough to lift the party’s mood? Lucy Fisher is joined by the FT’s political editor George Parker and col...

21 Heinä 202325min

Are the Tories stuck in a 'doom loop'?

Are the Tories stuck in a 'doom loop'?

Miranda Green is joined by FT columnists Stephen Bush and Robert Shrimsley to ask whether there’s any way out of the economic and political "doom loop" afflicting Rishi Sunak’s government. Plus, the F...

14 Heinä 202331min

Keir Starmer’s bid to smash the class ceiling

Keir Starmer’s bid to smash the class ceiling

As Labour leader Sir Keir Starmer sketches out his vision for education, the FT’s Whitehall editor Lucy Fisher is joined by columnists Stephen Bush and Robert Shrimsley to discuss how to boost vocatio...

7 Heinä 202327min

The crisis facing the UK water industry

The crisis facing the UK water industry

Pressure is growing on the UK’s water sector, as swelling debt threatens to overwhelm Thames Water and other companies. What is the remedy for the country’s sewage and water woes? Lucy Fisher discusse...

30 Kesä 202331min

Inflation pain: who will UK voters blame?

Inflation pain: who will UK voters blame?

Soaring interest rates are alarming mortgage holders and could derail the UK government’s strategy for re-election. This week Lucy Fisher is joined by regular FT panellists Stephen Bush and George Par...

23 Kesä 202327min

The damning verdict on Boris Johnson

The damning verdict on Boris Johnson

The blistering report into Boris Johnson’s behaviour by the House of Commons privileges committee casts doubt over his political future. The FT’s Whitehall editor Lucy Fisher is joined by FT columnist...

16 Kesä 202330min

Suosittua kategoriassa Politiikka ja uutiset

uutiscast
aikalisa
ootsa-kuullut-tasta-2
politiikan-puskaradio
rss-ootsa-kuullut-tasta
tervo-halme
viisupodi
rss-vaalirankkurit-podcast
rss-podme-livebox
rss-pinnalla
rss-girls-finish-f1rst
aihe
the-ulkopolitist
otetaan-yhdet
rss-asiastudio
rss-ulkopoditiikkaa
et-sa-noin-voi-sanoo-esittaa
rss-kaikki-uusiksi
rss-raha-talous-ja-politiikka
rss-vain-talouselamaa