Reality Check podcast

Labour doesn’t HAVE to raise taxes at the Budget

25.9.2026
0:00
18:16
15 Sekunden vorwärts
15 Sekunden vorwärts

What is fiscal ‘headroom’ – and why does it matter? Michael Simmons explains how Britain’s fiscal rules really work, why changes in borrowing costs can wipe billions off the Chancellor’s buffer, and why losing headroom does not automatically mean another round of tax rises.

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