On today’s episode of The Ian Collins Show, Ian asks the key question facing the Government: if Rachel Reeves has dropped her income tax rise, where does the money now come from? Reeves has informed the OBR that the manifesto-breaking tax raid is gone, alongside her abandoned £2bn ‘exit tax’ after a fierce backlash from business. With millionaire flight rising, tech leaders like Herman Narula considering moves to Dubai, and Henley & Partners forecasting 16,500 wealthy individuals leaving the UK next year, Labour is scrambling to fill a growing Budget gap. Kemi Badenoch has welcomed the retreat but is demanding guarantees that no new taxes will be introduced.

David Buik, Financial Adviser and Markets Commentator at Aquis Exchange, joins Ian to analyse what options are left for Reeves and whether Labour is heading toward further tax rises or forced spending cuts.

Ian then turns to Shabana Mahmood’s plan to model Britain’s asylum policy on Denmark’s system, which cut claims by nearly 90 per cent. Colin Freeman, former Chief Foreign Correspondent at The Sunday Telegraph, explains why Denmark’s strict rules on work requirements, taxes, language, good behaviour and delayed residency may not translate to the UK. With 111,000 asylum claims recorded to June 2025 and a backlog of 224,742, Labour faces a major challenge and internal resistance to Danish-style reforms.

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