Rachel Reeves has admitted that next month’s Autumn Budget will see Labour raise taxes on the wealthy.

As she was heading to Washington for meetings with the IMF, The Chancellor told Sky News she was “looking at tax and spending” ahead of the November 26th fiscal event, and then went on to tell The Guardian that taxes on the wealthy “will be part of the story”.

On today’s Daily T podcast, Camilla Tominey and Tim Stanley are joined by Sunday Telegraph editor Allister Heath, who calls Reeves’s plans “delusional”, that her blaming Brexit for economic stagnation proves Labour “doesn’t understand Britain” and says that “the moment you start saying to wealthy people ‘we’re going to confiscate your money’, it’s the beginning of the end”.

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