Are tax rises inevitable?

The News Agents

Global

Daily News, News, Government, Politics

4.2 • 4.3K Ratings

🗓️ 11 June 2025

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today, in a marked change of tone, Rachel Reeves laid out her spending review. The Chancellor set out budgets for government departments, boosting budgets for the NHS and Home Office. But the Tories are calling her approach "spend now, tax later".

So is this the plan too ambitious? And are tax rises inevitable in the Autumn? And can Reeve's spending review help to rebuild her reputation? We speak to the Chief Secretary to the Treasury, Darren Jones.

The News Agents is brought to you by HSBC UK - https://www.hsbc.co.uk/

Transcript

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0:00.0	The Newsagents podcast is brought to you by HSBC UK, opening up a world of opportunity.
0:08.0	This is a global player original podcast.
0:11.6	I have made my choices. In place of chaos, I choose stability.
0:18.6	In place of decline, I choose investments.
0:21.6	In place of pessimism, division and defeatism, I choose national renewal.
0:28.6	These are my choices, Mr Speaker.
0:31.6	These are labour choices.
0:33.6	These are the choices of the British people.
0:35.6	And I commend this statement to the House.
0:39.9	That's Rachel Reeves, after her spending review,
0:43.6	slightly fluffing her lines,
0:44.9	but trying to get out that the government has now moved
0:48.3	from a place of making policy to, she hopes, delivering policy.
0:53.6	This was about delivery, communities and maybe even
0:57.4	the reassertion of the levelling up policy. She wanted to say that this was about national renewal,
1:04.2	about economic growth. But is there going to be a bill in the autumn in the shape of tax rises as a result of what she's announced today?
1:14.1	Welcome to the newsagents.
1:20.2	The Newsagents.
1:22.1	It's John.
1:22.9	It's Emily.
1:23.5	It's Lewis.
1:24.2	And you were unkindly saying in the introduction there, Maitlis, that she slightly fluffed her lines.
	...

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