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Can a wealth tax save Rachel Reeves? | LBC

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November 23, 2025

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Chancellor Rachel Reeves is set to deliver her financial plans on Wednesday amid fears they'll see Labour break its manifesto pledge not to raise taxes.

A Cabinet minister has defended potentially unpopular decisions in the upcoming Budget, telling LBC the "botched Brexit deal" and the pandemic have had a greater impact on the economy than initially thought.

Transport secretary Heidi Alexander told Sunday with Lewis Goodall that "shifting sands" meant the Chancellor faced tough choices as she puts the finishing touches to her financial plans for the next year.

But what could save the Chancellor? Ali Miraj and his guests discuss.

Listen to the full show on the allnew LBC App

#alimiraj #budget #economy #ukpolitics #politics #lbc

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Guests & Subjects Covered

Chancellor Rachel ReevesA CabinetHeidi AlexanderLewis GoodallChancellor Ali MirajLBC AppUK Join

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