Reeves' Speech and the 'Once-in-a-Generation' Budget

After weeks of preparing to break their manifesto pledge, Starmer and Reeves have ditched their plans to raise income tax. 

They’re scared it would have angered their MPs and voters, amid a dire performance in the polls.

How will Reeves plug the £30 billion gap in public finances if she doesn’t raise income tax?

Oli Dugmore is joined by Ailbhe Rea and Will Dunn to discuss.

READ: https://www.newstatesman.com/politics/morning-call/2025/11/whats-behind-labours-income-tax-u-turn

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