John Harris speaks to the Guardian’s economics editor, Heather Stewart, about the unenviable choice facing Rachel Reeves. What price will she pay if she raises the basic rate of income tax for the first time in half a century? Meanwhile, has language and policy that would once have been confined to the far-right fringe entered mainstream politics? Sunder Katwala, the director of the thinktank British Future, joins John to discuss whether racist rhetoric can be pushed back to the margins Send your thoughts and questions to [email protected]. Help support our independent journalism at theguardian.com/politicspod

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