
Chancellor Rachel Reeves delivered an inpromptu pre-budget speech (Justin Tallis/PA)
Charlie Duffield
7 November 2025
Chancellor Rachel Reeves has given the clearest sign yet that she will break Labour’s manifesto promise not to raise taxes on workers, after delivering an unusual pre-Budget speech at Downing Street.
Read More
She said that after years of so-called economic mismanagement, the budget will focus on “getting inflation falling” and “creating the conditions for interest rate cuts”.
But she hasn’t ruled out raising income tax. Stephanie Brobbey, a former private wealth lawyer and founder and CEO of the Good Ancestor Movement, shares her perspective.
And in part two, the build-up to the festive season is here. Evening Standard’s Culture Writer India Block joins us to discuss this year’s John Lewis Christmas advert.



