Reeves prepares the public for tax hikes

It is three weeks until the Budget – and Rachel Reeves wants to get her narrative out there. The Chancellor held an early morning press conference today to, in her words, ‘set out the circumstances and the principles’ guiding her thinking on 26 November.Her speech followed a familiar pattern. First, there was the evisceration of the ‘austerity’, ‘reckless borrowing’ and ‘stop go of public investment’ which characterised the last 14 years. In her 25-minute speech in Downing Street, one line in particular stood out: ‘If we are to build the future of Britain together’, Reeves said, ‘we will all have to contribute to that effort. Each of us must do our bit.’Crucially, she refused to rule out breaking her manifesto pledge not to raise income tax, national insurance or VAT. Megan McElroy discusses the groundwork she's laying for the budget with James Heale and Michael Simmons. See the graph Michael refers to here: https://data.spectator.co.uk/pollsBecome a Spectator subscriber today to access this podcast without adverts. Go to spectator.co.uk/adfree to find out more.For more Spectator podcasts, go to spectator.co.uk/podcasts.Contact us: [email protected] Hosted on Acast. See acast.com/privacy for more information.

With Reform leading in the polls, Nigel Farage is determined to ensure that nothing can impede its growth. This morning he sought to bolster his credibility on an area that the Tories think could be his Achilles heel: the economy.Reform’s £90 billion programme of tax cuts promised at the last election has been constantly used as a stick with which to beat its leader. So today, Farage took to the stage in the City, to – once again – formally bury ‘Our Contract with You’ – the platform on which he was elected in July last year. This morning’s speech was all about Reform claiming the mantle of fiscal conservatism and claiming that the party can be trusted with the nation’s savings. Who will win the battle to be the party of fiscal credibility? Michael Simmons speaks to James Heale and James Nation, former deputy head of the Prime Minister's policy unit and Treasury special adviser to Rishi Sunak. Produced by Oscar Edmondson and Megan McElroy. Become a Spectator subscriber today to access this podcast without adverts. Go to spectator.co.uk/adfree to find out more.For more Spectator podcasts, go to spectator.co.uk/podcasts.Contact us: [email protected] Hosted on Acast. See acast.com/privacy for more information.

Introducing The Spectator's newest podcast, Reality Check with economics editor Michael Simmons. Like what you hear? Search 'Reality Check' wherever you are listening to this podcast and be sure to hit 'follow' to never miss an episode.Are the rich fleeing Britain? That's what the numbers suggest, but some activist groups have hit back that the data is dodgy. For the second episode of Reality Check The Spectator's economics editor Michael Simmons explains why the data shows that the wealthy are leaving Britain, and why this matters for everyone else.Become a Spectator subscriber today to access this podcast without adverts. Go to spectator.co.uk/adfree to find out more.For more Spectator podcasts, go to spectator.co.uk/podcasts.Contact us: [email protected] Hosted on Acast. See acast.com/privacy for more information.

‘On the day of the local elections, when the Tories suffered a historic setback, Kemi Badenoch went to the gym and got her hair done,’ Tim Shipman reveals in the magazine this week. Aides insist that Badenoch has since ‘upped her game’. Her PMQs performances are improving and the CCHQ machine seems to have whirred into gear, making sure that Labour’s embarrassments – from Angela Rayner’s flat to the collapsed China scandal – don’t go unpunished. Is she finally turning the ship around after a year in the job? Michael Gove and Tim Shipman discuss.Become a Spectator subscriber today to access this podcast without adverts. Go to spectator.co.uk/adfree to find out more.For more Spectator podcasts, go to spectator.co.uk/podcasts.Contact us: [email protected] Hosted on Acast. See acast.com/privacy for more information.

Happy All Hallows’ Eve, everyone – and there is something spooky going on with Rachel Reeves and a property in Dulwich. Yesterday she was leading the news after admitting to renting out her family home following the move into No. 11 without getting the required licence from Southwark Council. There are a number of mitigating circumstances – not least the fact that the lettings agent said they would obtain the licence – but the Prime Minister has been forced to put out a statement. He backs her, for now, but will he come to regret that? Listen for a rare defence of Rachel Reeves on this podcast from our economics editor.Not to be outdone, the Palace have helpfully moved the news agenda along by taking the decision to strip Andrew Mountbatten Windsor – as he is now called – of his titles. Who is behind the decision: the King, or the future King?Oscar Edmondson speaks to Tim Shipman and Michael Simmons.Produced by Oscar Edmondson.Become a Spectator subscriber today to access this podcast without adverts. Go to spectator.co.uk/adfree to find out more.For more Spectator podcasts, go to spectator.co.uk/podcasts.Contact us: [email protected] Hosted on Acast. See acast.com/privacy for more information.

There are a few sore heads at 22 Old Queen Street this morning because it was The Spectator’s Parliamentarian of the Year Awards last night.From Lucy Powell’s jibe at Morgan McSweeney (and Tim Shipman, for that matter) to Robert Jenrick’s jokes falling flat, it was an eventful evening of good-natured hazing, naval-gazing and – of course – recognising the best and worst of Westminster. Who came out on top?Oscar Edmondson debriefs with Tim Shipman, Michael Simmons and Natasha Feroze.Produced by Oscar Edmondson and Megan McElroy.Become a Spectator subscriber today to access this podcast without adverts. Go to spectator.co.uk/adfree to find out more.For more Spectator podcasts, go to spectator.co.uk/podcasts.Contact us: [email protected] Hosted on Acast. See acast.com/privacy for more information.

Kemi Badenoch continues to look more confident at PMQs – although there are always going to be some easy goals when you lead on the economy. Today she pressed the Prime Minister on Labour’s manifesto pledge not to raise income tax, VAT or national insurance – which he dodged – as well as repeating her offer to work with Labour towards a cross-party solution to the welfare problem. What do we know about the Budget at the end of next month? And are we any closer to understanding what a ‘working person’ actually is? Lucy Dunn speaks to Tim Shipman and Michael Simmons.Produced by Oscar Edmondson.Become a Spectator subscriber today to access this podcast without adverts. Go to spectator.co.uk/adfree to find out more.For more Spectator podcasts, go to spectator.co.uk/podcasts.Contact us: [email protected] Hosted on Acast. See acast.com/privacy for more information.

There are reports that the OBR will downgrade Britain’s productivity growth forecasts, increasing the size of the black hole facing the Chancellor at the end of the month. This continues the spate of bad news for the Chancellor on the economy – but can we trust the figures? James Heale and Michael Simmons join Patrick Gibbons to talk about what this means ahead of the budget, whether anger over the money wasted on asylum hotels can be linked to the cost-of-living crisis and what Rachel Reeves is doing in Saudi Arabia this week.Plus: is a debate over the customs union really what Britain wants right now?Produced by Patrick Gibbons.Become a Spectator subscriber today to access this podcast without adverts. Go to spectator.co.uk/adfree to find out more.For more Spectator podcasts, go to spectator.co.uk/podcasts.Contact us: [email protected] Hosted on Acast. See acast.com/privacy for more information.

With the news that the Home Office has spent billions of taxpayers' money on asylum hotels – and following the accidental release of the Epping sex offender – Tim Shipman and James Heale discuss this most shambolic of government departments. Is it fit for purpose? Can Shabana Mahmood fix the cursed department? And, if not, who will voters turn to instead?Produced by Megan McElroy and Patrick Gibbons.Become a Spectator subscriber today to access this podcast without adverts. Go to spectator.co.uk/adfree to find out more.For more Spectator podcasts, go to spectator.co.uk/podcasts.Contact us: [email protected] Hosted on Acast. See acast.com/privacy for more information.

We thought when we organised this podcast that there would just be the newly announced deputy Labour leader to discuss – Lucy Powell beat Education Secretary Bridget Phillipson by 87,407 votes to 73,536. But instead we also have evidence the Prime Minister may have lied to Parliament over the collapse of the China spy case, and there is a manhunt under way to recapture a dangerous criminal released by mistake.Bad news clearly comes in threes for No. 10: Lucy Powell was not their pick for the job; lying to Parliament is the kind of thing that the ministerial code is quite clear on; and the criminal in question is the Epping migrant hotel sex offender.Oscar Edmondson speaks to James Heale and the Sunday Times’ Gabriel Pogrund.Produced by Oscar Edmondson.Become a Spectator subscriber today to access this podcast without adverts. Go to spectator.co.uk/adfree to find out more.For more Spectator podcasts, go to spectator.co.uk/podcasts.Contact us: [email protected] Hosted on Acast. See acast.com/privacy for more information.