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

This is a global player original podcast.

The big question for the election and what happens after the election is really this.

In what way will Labor be different to the Conservatives?

In lots of ways, right now, it doesn't feel like they would be very different at all.

They've basically agreed to match Conservative plans on spending, on taxes, on their tax cuts,

and so that leaves Labour with a big, big problem.

If it intends to do anything, even little things, how do they pay for it?

So today, Labour's Chancellor tried to end those questions about this big black hole in Labour's

spending plans after the Chancellor essentially nicked their plans about non-doms in last month's budget.

She's pledged more money to checks notes, close tax loopholes.

Is that as ambitious as it's going to get?

Welcome to the newsagents.

The Newsagents. It's Emily. It's Lewis. And just to remind you how Labour got here, they had a policy which they've had in various forms for years under

Miller Band, under Corbyn, under Starma, to eliminate or substantially change the non-dom

tax regime. This relates to a small group of people who are not domiciled in the UK for tax purposes.

They tend to be very wealthy. One of them actually included until recently the Prime Minister's

Rishi Sunak's wife. That was supposed to raise a few billion pounds that Labor were going to use

to spend on some quite modest measures, including things like preschool breakfast clubs, on new

dental appointments in the NHS, on new Saturday appointments for the NHS as well. Problem was,

Jeremy Hunt, in the last budget, came along and stole the policy and spent it on tax cuts instead,

which left Labour

...