The pre-budget back-pedal
Rachel Reeves refused to rule out tax rises in a pre-budget speech, potentially breaking a manifesto promise
The Story · The Times
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Show Notes
Rachel Reeves has paved the way for potential tax rises. In a speech three weeks before the budget, the chancellor refused to commit to Labour’s manifesto promise to not raise National Insurance, income tax or VAT. With Nigel Farage also back-pedalling on tax cuts, is it time for the politicians to be more honest about the state of the economy?
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Guest: Oliver Wright, policy editor, The Times
Host: Manveen Rana.
Producers: Shabnam Grewal, Alula Hart.
Read more: Reeves: We must all do our bit to secure Britain’s future
Further listening: Do bond markets rule the world?
Clips: Sky News, The Guardian, Parliament TV, ITV Politics.
Photo: Getty Images.
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