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Should Rachel Reeves keep her tax promises - or just break them?
Rachel Reeves is in a sticky position ahead of the Budget.
Forecasts suggest she will need £30billion to balance the books - and having made such a fuss about the Tory 'black hole' and her fiscal rules, the Chancellor is in a bind.
Problematically, the government also painted itself into a corner with Labour's election pledge not to raise income tax, national insurance or VAT - which amount for two-thirds of tax revenue.
So what can Rachel Reeves do? Should she fiddle at the edges and try to raise bits here and there, distorting behaviour with tax even more, or should she break that promise and hike one of the big three.
On this week's podcast, Georgie Frost, Helen Crane and Simon Lambert look at why the Chancellor is in a pickle and what leading economists at the IFS say she could do.
And whether just because she could, does it mean she should?
Plus, should you doom prep your finances, why are millennials becoming landlords and would you ride in a driverless taxi?
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By This is Money
3.9
1010 ratings
Rachel Reeves is in a sticky position ahead of the Budget.
Forecasts suggest she will need £30billion to balance the books - and having made such a fuss about the Tory 'black hole' and her fiscal rules, the Chancellor is in a bind.
Problematically, the government also painted itself into a corner with Labour's election pledge not to raise income tax, national insurance or VAT - which amount for two-thirds of tax revenue.
So what can Rachel Reeves do? Should she fiddle at the edges and try to raise bits here and there, distorting behaviour with tax even more, or should she break that promise and hike one of the big three.
On this week's podcast, Georgie Frost, Helen Crane and Simon Lambert look at why the Chancellor is in a pickle and what leading economists at the IFS say she could do.
And whether just because she could, does it mean she should?
Plus, should you doom prep your finances, why are millennials becoming landlords and would you ride in a driverless taxi?
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