Dilemma of the UK government regarding public services and taxes

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Exploring the UK government's challenge in choosing between high-tax European public services preferred by the public or the American model of more private payments, led by the FT's economics commentator.

US President Joe Biden has abandoned his re-election bid following overwhelming pressure from fellow Democrats, and India’s prime minister Narendra Modi faces an early test to his third term in office. Plus, the UK’s new chancellor, Rachel Reeves, will present a fiscal statement to parliament later this month.

Mentioned in this podcast:

Joe Biden drops out of 2024 US presidential election race and endorses Kamala Harris

Labour’s moment to blame, borrow and tax

India’s Narendra Modi faces budget demands from ‘kingmaker’ allies

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Denise Guerra, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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