Tax rises aren’t the only way to fill a £20bn black hole in government spending
7 months, 2 weeks ago

Tax rises aren’t the only way to fill a £20bn black hole in government spending

The Independent  

Rachel Reeves is preparing to drop a financial bomb on Britain next week. The Institute for Fiscal Studies explained this in its analysis of Labour’s low-fi manifesto that, it said, “leaves literally no room – within the fiscal rules that it has signed up to – for any more spending than planned by the current government”. The plans of that now-previous government involved “cuts both to investment spending and to spending on unprotected public services”. But Reeves’s boss, Britain’s new CEO Sir Keir Starmer, “effectively ruled out such cuts”. What we have been witnessing in recent days is a classic softening-up exercise in which big numbers are bandied around and the prospect of something really unpleasant is pitched so that when Reeves delivers her verdict, it isn’t as bad as everyone feared and there are sighs of relief about the nasties that are announced.

Labour Spending Reeves  rises  black  fiscal  investment  things  reeves  20bn  uk  arent  borrowing  week  trade  way  tax  spending  growth  hole

History of this topic

Labour tax U-turn? Rachel Reeves refuses to rule out more rises despite CBI pledge
3 months, 1 week ago

Labour tax U-turn? Rachel Reeves refuses to rule out more rises despite CBI pledge

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Rachel Reeves refused to rule out more tax rises As MPs voted through the controversial …

UK economy under Labour stalls - what that means for you and your money
4 months ago

UK economy under Labour stalls - what that means for you and your money

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Chancellor Rachel Reeves has said …

Council tax expected to raise additional £1.8 billion next year – minister
4 months ago

Council tax expected to raise additional £1.8 billion next year – minister

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Council tax rises will help …

Labour have 'broken their promises' on not raising council tax, Tories say - after ministers signed off a £110 hike in bills next year
4 months ago

Labour have 'broken their promises' on not raising council tax, Tories say - after ministers signed off a £110 hike in bills next year

Daily Mail  

Council tax bills are set to jump by an average of £110 next year after ministers gave the green light to inflation-busting rises. Council tax bills are set to jump by an average of £110 next year after ministers gave the green light to inflation-busting rises Keir Starmer was accused of plotting to ditch the cap on council tax during …

Council tax increase expected as Tories claim ‘black hole’ in Labour’s plans
4 months ago

Council tax increase expected as Tories claim ‘black hole’ in Labour’s plans

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Conservative Party leader Kemi Badenoch pressed Sir Keir Starmer to confirm whether the cap …

Budget 2024: The chart that reveals the Budget’s real winners – and who will be hit hardest
4 months, 2 weeks ago

Budget 2024: The chart that reveals the Budget’s real winners – and who will be hit hardest

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery According to the Office for …

Tax calculator UK: Check out how Rachel Reeves’ Budget will affect you
4 months, 2 weeks ago

Tax calculator UK: Check out how Rachel Reeves’ Budget will affect you

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Labour's tax bomb leaves Britons £300 worse off: UK faces highest tax burden ever, businesses are battered by the Budget, wages will fall and inflation will rise
4 months, 2 weeks ago

Labour's tax bomb leaves Britons £300 worse off: UK faces highest tax burden ever, businesses are battered by the Budget, wages will fall and inflation will rise

Daily Mail  

Britain's growth prospects took a dive last night after Rachel Reeves' £40 billion tax bomb. In the first Labour Budget for 14 years, Ms Reeves: Launched a £25 billion raid on employers' National Insurance, breaking a manifesto pledge not to raise a levy she previously called a 'jobs tax'; Announced an immediate £25 billion cash injection for the NHS, despite …

So much for a Budget for growth! This is a return to big government - high tax, high spend, high borrowing. And you didn't read that in Labour's manifesto: Analysis by JASON GROVES
4 months, 2 weeks ago

So much for a Budget for growth! This is a return to big government - high tax, high spend, high borrowing. And you didn't read that in Labour's manifesto: Analysis by JASON GROVES

Daily Mail  

So much for a Budget for growth. Despite Rachel Reeves committing to a staggering £400billion of extra spending over the next five years, Britain’s economic watchdog today predicted that economic growth will actually be lower than forecast at the last Tory Budget in March. Britain’s economic watchdog today predicted that economic growth will actually be lower than forecast at the …

I've left the country... I can't grow my business... raising capital gains tax makes me angry... this Budget makes me feel sick: Real Britons react to Labour's tax bombshell
4 months, 2 weeks ago

I've left the country... I can't grow my business... raising capital gains tax makes me angry... this Budget makes me feel sick: Real Britons react to Labour's tax bombshell

Daily Mail  

Brits today revealed the real-life impacts of Labour's £40billion tax bombshell with entrepreneurs, families and publicans counting their losses.but there was at least good news for drivers and low-paid workers who breathed a sigh of relief. PUB OWNER: 'The death of The Great British Pub' Name: Simon Delaney Age: 59 Lives : Manchester Job: Pub landlord Simon Delaney, who has …

Labour Budget 2024: Ask our chief political commentator anything – from minimum wage rise to inheritance tax
4 months, 2 weeks ago

Labour Budget 2024: Ask our chief political commentator anything – from minimum wage rise to inheritance tax

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Welcome to an …

What the Autumn Budget 2024 means for you: How Rachel Reeves' £40bn tax rises will hit
4 months, 2 weeks ago

What the Autumn Budget 2024 means for you: How Rachel Reeves' £40bn tax rises will hit

Daily Mail  

Chancellor Rachel Reeves has revealed £40billion worth of tax hikes and a surge in government borrowing in a highly anticipated Autumn Budget. > Full list of benefit rises announced in the Budget > What the capital gains tax hike means for you: How small investors will be hit > No Budget boost for first-time buyers - five months to avoid …

More spending and tax hikes expected in the first budget from Britain's Labour government
4 months, 2 weeks ago

More spending and tax hikes expected in the first budget from Britain's Labour government

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} British Treasury chief …

Budget 2024 costing: How could Labour find £40bn in tax rises and spending cuts?
4 months, 2 weeks ago

Budget 2024 costing: How could Labour find £40bn in tax rises and spending cuts?

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. The party’s gloomy messaging has set the stage for a …

When is the Budget and what is the ‘stealth’ tax rise Labour are set to keep?
4 months, 2 weeks ago

When is the Budget and what is the ‘stealth’ tax rise Labour are set to keep?

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Labour is expected …

Billions for NHS is just the start of Reeves’s tax-fuelled spending spree
4 months, 2 weeks ago

Billions for NHS is just the start of Reeves’s tax-fuelled spending spree

The Telegraph  

Britain’s tax raid appears to have one clear winner. An extra £25 billion over the next two years – equivalent to the entire rise in employers’ National Insurance contributions – will take the overall budget of the Department of Health and Social Care beyond £200 billion for the first time. “I don’t think, in one Budget, you can undo 14 …

Starmer warns that Brits face higher taxes FOREVER and he could raise them AGAIN to prop up the NHS and public services because the Budget must confront 'harsh fiscal reality'
4 months, 2 weeks ago

Starmer warns that Brits face higher taxes FOREVER and he could raise them AGAIN to prop up the NHS and public services because the Budget must confront 'harsh fiscal reality'

Daily Mail  

Keir Starmer today made clear there is no prospect of taxes coming down again after the looming Budget raid. Speaker rebukes Reeves over Budget briefing Lindsay Hoyle has rebuked Chancellor Rachel Reeves for not telling the Commons first about her intention to change the Government's fiscal rules. Sir Keir said local services to 'get Britain working' will benefit from a …

Keir Starmer tells Brits they face a 'harsh reality': Prime Minister issues a new tax warning as Labour's Budget is set to batter employers with a major national insurance rise
4 months, 2 weeks ago

Keir Starmer tells Brits they face a 'harsh reality': Prime Minister issues a new tax warning as Labour's Budget is set to batter employers with a major national insurance rise

Daily Mail  

VAT on private school fees and non-dom crackdown - likelihood 10/10 The Labour manifesto committed to scrapping non-dom status, adding VAT to private school fees and increasing stamp duty on buyers from abroad. Employer national insurance - 9/10 Rachel Reeves looks almost certain to increase employer NICs, despite claims it is a 'straightforward breach' of the Labour manifesto. Capital gains …

Reeves: Budget tax raid not enough to fix NHS
4 months, 2 weeks ago

Reeves: Budget tax raid not enough to fix NHS

The Telegraph  

Tax rises in the Budget will not be the last, the Chancellor has suggested after admitting that the money she will give the NHS on Wednesday will not be enough to fix it. Rachel Reeves is set to inflict a £35 billion tax raid by raising National Insurance contributions for employers and increasing capital gains tax, in part to fund …

Tax on high earners ruled out as Rachel Reeves looks to plug £40bn Budget black hole
4 months, 3 weeks ago

Tax on high earners ruled out as Rachel Reeves looks to plug £40bn Budget black hole

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. But the government line of not commenting on any speculation regarding questions about the Budget …

How Britain became addicted to spending
4 months, 3 weeks ago

How Britain became addicted to spending

The Telegraph  

Following the Government’s frequent warnings about the dire state of public finances, as well as the “worst economic inheritance since the Second World War”, households are fully primed for a series of tax raids in next week’s Budget. However, despite the Chancellor’s drastic need for cash, what might surprise voters is that tax revenues flowing into the Treasury are already …

Now high earners are in Labour's tax crosshairs: Minister refuses to say if pledge not to hammer 'working people' includes the better paid - with fears 'stealth' raid will drag another 600,000 into hi
4 months, 3 weeks ago

Now high earners are in Labour's tax crosshairs: Minister refuses to say if pledge not to hammer 'working people' includes the better paid - with fears 'stealth' raid will drag another 600,000 into hi

Daily Mail  

A minister dodged on whether bigger earners count as 'working people' today after Wes Streeting hinted they will be hammered with Budget tax hikes. Care minister Stephen Kinnock repeatedly refused to answer as he was grilled over whether the protection Labour promised at the election extended to those making six figures. Asked on Sky News whether people who earned more …

Reeves tax raid risks £84bn black hole in public finances, say Truss-backed economists
4 months, 3 weeks ago

Reeves tax raid risks £84bn black hole in public finances, say Truss-backed economists

The Telegraph  

Rachel Reeves has been warned that an aggressive Budget tax raid risks opening up a £84bn “black hole” in the public finances by crippling economic growth. Analysis by the Growth Commission, an economic advisory group set up by Liz Truss, the former prime minister, suggests mooted tax rises in their most extreme form could knock 8.8pc off GDP growth per …

Tories blast Labour's 'myth' that they inherited a £22bn black hole in public finances ahead of tax-raid Budget as poll reveals the Conservatives are more trusted with family finances
4 months, 3 weeks ago

Tories blast Labour's 'myth' that they inherited a £22bn black hole in public finances ahead of tax-raid Budget as poll reveals the Conservatives are more trusted with family finances

Daily Mail  

Labour's claim that there is a £22bn hole in the public finances that requires a string of tax hikes at the Budget is a 'myth', a senior Tory claimed today. Labour is facing major pushback over the October 30 Budget, with fears Chancellor Rachel Reeves will hammer families by freezing income tax bands, reducing relief on stamp duty, and increasing …

Rachel Reeves set to keep income tax thresholds frozen... But claims it's NOT a manifesto breach because it's not an increase!
4 months, 3 weeks ago

Rachel Reeves set to keep income tax thresholds frozen... But claims it's NOT a manifesto breach because it's not an increase!

Daily Mail  

Rachel Reeves was last night accused of breaking her promises to the British people as she is expected to extend a freeze on income tax thresholds in the Budget. Labour ruled out increases to taxes for ‘working people’ such as VAT, income tax and National Insurance as part of its election manifesto, so it has been targeting funds from historically …

Ministers mulling tax rise and cuts in Budget as they meet City bosses
4 months, 3 weeks ago

Ministers mulling tax rise and cuts in Budget as they meet City bosses

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A raft of tax rises …

The £40bn question: How will Rachel Reeves balance the books?
5 months ago

The £40bn question: How will Rachel Reeves balance the books?

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery Mervyn King, former Bank of England governor, has suggested increasing national …

Reeves eyes up to £40bn in tax rises and spending cuts in Budget
5 months ago

Reeves eyes up to £40bn in tax rises and spending cuts in Budget

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Institute for Fiscal Studies chief Paul Johnson said that …

Tax rises inevitable as Budget black hole set to persist, says think tank
5 months ago

Tax rises inevitable as Budget black hole set to persist, says think tank

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Most of the £22 billion budget gap identified by the …

What COULD be in Rachel Reeves' £25billion Budget 'tax bomb'? From CGT to NICs, pension pots and inheritance tax - the options for the Chancellor to milk more money from Brits
5 months ago

What COULD be in Rachel Reeves' £25billion Budget 'tax bomb'? From CGT to NICs, pension pots and inheritance tax - the options for the Chancellor to milk more money from Brits

Daily Mail  

The respected IFS think-tank has warned that Rachel Reeves needs to find around £25billion of tax hikes in the Budget if she wants to avoid austerity and meet Labour's manifesto commitments. The IFS has previously suggested the rule 'should be reformed', calculating that if employers were charged national insurance on pension contributions at 138 per cent it could raise £17billion …

Rachel Reeves' '£25bn tax bomb': IFS warns Chancellor needs massive raid in Budget to balance books after public sector pay splurge - with NICs, pension pots and inheritance under threat
5 months ago

Rachel Reeves' '£25bn tax bomb': IFS warns Chancellor needs massive raid in Budget to balance books after public sector pay splurge - with NICs, pension pots and inheritance under threat

Daily Mail  

Rachel Reeves needs a £25billion tax bomb to meet pledges and balance the books after her public sector pay splurge, a grim report warned today. Rachel Reeves needs a £25billion tax bomb to meet pledges and balance the books after her public sector pay splurge, a grim report warned today The grim assessment comes from the respected IFS think-tank as …

UK business groups says tax clarity needed at budget to support investment
5 months, 1 week ago

UK business groups says tax clarity needed at budget to support investment

Live Mint  

By David Milliken {{^adFree}} {{/adFree}} LONDON, Oct 8 - British finance minister Rachel Reeves needs to strike a positive tone at her first budget on Oct. 30 in order to give businesses the confidence to invest, the Confederation of British Industry said on Tuesday. After winning a large parliament majority on July 4, Reeves and Prime Minister Keir Starmer said …

Rachel Reeves calls off pension tax relief raid amid warnings it would impact public sector workers
5 months, 1 week ago

Rachel Reeves calls off pension tax relief raid amid warnings it would impact public sector workers

Daily Mail  

Rachel Reeves has called off her planned pension tax raid after being warned that it would unfairly impact up to a million teachers, nurses and other public sector workers. The original proposals would have seen public sector workers on £50,000 a year face an additional annual tax bill of £1,000. The Chancellor has cancelled a planned tax relief reduction on …

Rachel Reeves confirms taxes will rise in her first budget in October
7 months, 2 weeks ago

Rachel Reeves confirms taxes will rise in her first budget in October

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. And, setting the scene for a brutal financial statement, she …

UK govt facing £22b financial 'black hole'
7 months, 2 weeks ago

UK govt facing £22b financial 'black hole'

China Daily  

Chancellor of the Exchequer Rachel Reeves speaks during a press conference in London, Britain July 29, 2024. A financial "black hole" has forced the United Kingdom's new Labour Party government to scrap several of the previous administration's projects. Chancellor of the Exchequer Rachel Reeves, the country's finance minister, announced the ditched initiatives on Monday, telling lawmakers the previous Conservative Party …

Key takeaways from Rachel Reeves speech in the Commons
7 months, 2 weeks ago

Key takeaways from Rachel Reeves speech in the Commons

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Ms Reeves cancelled or postponed road and hospital building projects, restricted winter fuel payments to …

Watch as chancellor Rachel Reeves sets out Labour’s plan for economic growth
7 months, 2 weeks ago

Watch as chancellor Rachel Reeves sets out Labour’s plan for economic growth

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Watch as Rachel Reeves sets out her plan for economic growth …

Labour's tax trick: Rachel Reeves will unveil doomsday claim about £20bn hole in public finances TODAY as she slashes road projects and paves the way to hike the burden on Brits - but will still sign
7 months, 2 weeks ago

Labour's tax trick: Rachel Reeves will unveil doomsday claim about £20bn hole in public finances TODAY as she slashes road projects and paves the way to hike the burden on Brits - but will still sign

Daily Mail  

Rachel Reeves is unveiling doomsday claims about a £20billion hole in the public finances today as she paves the way for tax hikes. And despite the dire warnings Ms Reeves has been making clear she is giving the green light for an inflation-busting 5.5 per cent pay rise for public sector workers - estimated to cost £8billion. Ms Reeves pictured …

UK is 'broke and broken,' new government says as it prepares to tackle shortfall in public finances
7 months, 2 weeks ago

UK is 'broke and broken,' new government says as it prepares to tackle shortfall in public finances

Hindustan Times  

LONDON — Britain’s new left-leaning government said Sunday that the nation is “broke and broken,” blaming the situation on its predecessors ahead of a major speech on the state of the public finances that is widely expected to lay the groundwork for higher taxes. UK is 'broke and broken,' new government says as it prepares to tackle shortfall in public …

UK is 'broke and broken,' new government says as it prepares to tackle shortfall in public finances
7 months, 2 weeks ago

UK is 'broke and broken,' new government says as it prepares to tackle shortfall in public finances

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Britain’s new left-leaning government said Sunday that the nation is “broke …

UK is ‘broke and broken,’ new government says as it prepares to tackle shortfall in public finances
7 months, 2 weeks ago

UK is ‘broke and broken,’ new government says as it prepares to tackle shortfall in public finances

Associated Press  

LONDON — Britain’s new left-leaning government said Sunday that the nation is “broke and broken,” blaming the situation on its predecessors ahead of a major speech on the state of the public finances that is widely expected to lay the groundwork for higher taxes. “We are calling time on the false promises that British people have had to put up …

Reeves to consider capital gains tax plan to help fix ‘broke Britain’
7 months, 2 weeks ago

Reeves to consider capital gains tax plan to help fix ‘broke Britain’

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Rachel Reeves is considering plans to raise capital gains tax in …

Rachel Reeves set to unveil £20bn black hole in public finances
7 months, 2 weeks ago

Rachel Reeves set to unveil £20bn black hole in public finances

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Rachel Reeves is …

We know the country is in a state – now Labour must fix it, not play the blame game
7 months, 2 weeks ago

We know the country is in a state – now Labour must fix it, not play the blame game

The Independent  

The Labour tactic is becoming a bit obvious. At his first Prime Minister’s Questions on Wednesday, Sir Keir Starmer said, when asked about problems with care allowance payments: “We have a more severe crisis than we thought as we go through the books of the last 14 years.” On Monday, it will be the turn of Rachel Reeves, the chancellor, …

Chancellor Rachel Reeves is expected to reveal £20billion hole in UK's public finances - intensifying fears that hefty Labour tax hikes are on the way
7 months, 2 weeks ago

Chancellor Rachel Reeves is expected to reveal £20billion hole in UK's public finances - intensifying fears that hefty Labour tax hikes are on the way

Daily Mail  

Rachel Reeves is set to reveal a staggering deficit in the public finances of up to £20billion, working up to a significant tax hike this autumn. Rachel Reeves is set to reveal a staggering deficit in the public finances of up to £20billion, working up to a significant tax hike this autumn The Chancellor is expected to implement tax increases …

Labour plans to pin its tax bombshell on the Tories… and it might just work
7 months, 2 weeks ago

Labour plans to pin its tax bombshell on the Tories… and it might just work

The Independent  

A parliamentary showdown between Keir Starmer and Labour’s band of left-wing MPs was inevitable – though it wasn’t expected quite so soon. Starmer didn’t pick this early fight – it wasn’t in his “first 100 days” script to hit the proverbial ground running – but his action sent a message to Labour MPs tempted to rebel on other issues, and …

Labour would have to raise taxes to fill immediate £2bn black hole, Tories claim
8 months, 3 weeks ago

Labour would have to raise taxes to fill immediate £2bn black hole, Tories claim

The Telegraph  

Labour would face an immediate £2 billion “black hole” in their public spending plans which would require early tax rises, the Conservatives have claimed. The Conservatives have pointed to a statement from Sir Keir Starmer that there will be an “immediate injection” of cash into public services if Labour forms a government, along with comments from Ms Reeves that every …

Labour ‘drawing up plans for £10bn extra wealth taxes’
8 months, 3 weeks ago

Labour ‘drawing up plans for £10bn extra wealth taxes’

The Telegraph  

The report comes on the same day Angela Rayner said Labour had no plans to raise council tax “at the moment”. The deputy opposition leader said her party would have “a lot on our plate” if it won power on July 4 and suggested council tax bands were not an immediate priority. Asked if Labour could look at council tax …

Which taxes could rise if Labour wins the general election?
9 months, 1 week ago

Which taxes could rise if Labour wins the general election?

The Independent  

The Conservatives claim that Labour is considering 10 separate tax increases if it wins the general election, after challenging Keir Starmer’s party to rule out a series of rises. Although Labour dismissed as a “lie” Rishi Sunak’s claim that Labour would impose a £2,000 tax hike on working households over four years, the Tories are continuing to mine the tax …

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