Why is Rachel Reeves U-turning on income tax?

<p>After weeks of preparing to break their manifesto pledge, Starmer and Reeves have ditched their plans to raise income tax.&nbsp;</p><br /><p>They’re scared it would have angered their MPs and voters, amid a dire performance in the polls.</p><br /><p>How will Reeves plug the £30 billion gap in public finances if she doesn’t raise income tax?</p><br /><p>Oli Dugmore is joined by Ailbhe Rea and Will Dunn to discuss.</p><br /><p>READ: https://www.newstatesman.com/politics/morning-call/2025/11/whats-behind-labours-income-tax-u-turn</p><p><strong>LISTEN AD-FREE:</strong></p><p>📱<a href="https://www.newstatesman.com/politics/2022/06/newapp" rel="noopener noreferrer" target="_blank">Download the New Statesman app</a></p><br /><p><strong>MORE FROM THE NEW STATESMAN:</strong></p><p>❓ <a href="https://www.newstatesman.com/podcasts/2022/10/you-ask-us" rel="noopener noreferrer" target="_blank">Ask a question</a> – we answer them every Friday</p><p>⏰ <a href="https://morningcall.substack.com/subscribe" rel="noopener noreferrer" target="_blank">Get our daily politics newsletter</a> every morning</p><p>✍️ <a href="http://saturdayread.substack.com/subscribe" rel="noopener noreferrer" target="_blank">Enjoy the best of our writing</a> via email every Saturday</p><hr /><p style="color: grey; font-size: 0.75em;"> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color: grey;" target="_blank">acast.com/privacy</a> for more information.</p>