'Why don't you put up taxes then resign?' Rachel Reeves grilled by Andrew Marr

LBC November 4, 2025
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Speaking on Tonight with Andrew Marr, the Chancellor was asked on four occasions whether she would look to raise income tax as part of the forthcoming Budget - a question she refused to answer. Describing the country's public finances as a "mess", Reeves told LBC that "our economy's been through the mill" in recent years, insisting her past economic decisions had been made "in good faith". Asked whether resigning as Chancellor would be the "honourable" thing to do should she resort to raising taxes, breaking Labour's manifesto pledge, Reeves stood firm. "What do you think would happen in financial markets if I did that?" Reeves questioned. "It depends who took over, I guess," Andrew retorted. Listen to the full show on the all-new LBC App: https://app.af.lbc.co.uk/btnc/thenewlbcapp #andrewmarr #rachelreeves #chancellor #economy #budget #ukpolitics #exclusive #news #politics #labour #LBC LBC is the home of live debate around news and current affairs in the UK. Join in the conversation and listen at https://www.lbc.co.uk/ Sign up to LBC’s weekly newsletter here: https://l-bc.co/signup

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