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The News Agents

Is Starmer about to break his biggest promise yet?

The News Agents

Global

Government, News, Daily News, Politics

4.15.4K Ratings

🗓️ 29 October 2025

⏱️ 40 minutes

🧾️ Download transcript

Summary

With the budget looming next month, Keir Starmer has refused to stand by his manifesto commitments not to raise income tax. It comes as Labour's poll rating hits an all time low - so will this be the final blow for voters?

Later, after admitting he won't (probably) won't be seeking another term, was Trump ever serious about a third run at President? And what is the future for MAGA when he leaves office?

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

Transcript

Click on a timestamp to play from that location

0:00.0

The Newsagents podcast is brought to you by HSBC UK, opening up a world of opportunity.

0:08.8

This is a global player original podcast. Last year, in its manifesto, Labour promised not to increase income tax, not to increase national insurance, and not to increase VAT.

0:23.8

Does the Prime Minister still stand by his promises?

0:27.1

Well, Mr. Speaker, I'm glad that the Leader of the opposition is now finally talking about the economy.

0:31.0

I can update the House, Mr. Speaker. Retail sales are higher than expected.

0:40.3

Inflation is lower than expected. Growth has been upgraded this year.

0:43.3

And Mr. Speaker, the UK stock market is at all-time high.

0:47.3

The budget is on the 26th of November and we will lay out our plans.

0:52.3

But I can tell the House now that we will build a stronger

0:55.5

economy. We will cut NHS waiting list and deliver a better future for our country.

1:01.9

The noticeable thing there, Kirsteuma, doesn't answer the question, even though before he has

1:08.1

been absolutely definitive. The manifesto stands. Are we heading for the mother of

1:14.4

all political U-turns in the budget which is to come where Kirstama and Rachel Reeves go back

1:20.5

on everything they said about income tax, national insurance and VAT? And if they do, what does it

1:27.1

mean for them? What does it mean for us?

1:29.4

Welcome to the news agents.

1:35.5

The news agents. It's John. It's Lewis. And Kirstama was at Prime Minister's questions today.

1:41.9

And the question from Kemi Badernacht, I think, was quite

1:45.3

predictable that she would go on tax because there have been so many kites flown from the Treasury

1:51.0

in the past couple of weeks about what taxes might go up and what the government might do to

1:55.9

raise revenue, that it was obvious that the question over the manifesto commitments would be central because

2:02.3

the easiest thing to do would be to raise income tax. But as you said, Lewis, it would be

...

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