Skip to content
Breaking News

Breaking News

  • Home
  • World
  • Business
  • Health
  • Entertainment
  • Life Style
  • Sports
  • Toggle search form
Labour’s Rachel Reeves rules out increasing income tax or NI

Labour’s Rachel Reeves rules out increasing income tax or NI

Posted on May 26, 2024 By Admin No Comments on Labour’s Rachel Reeves rules out increasing income tax or NI


Labour has said there will be no rises in income tax or National Insurance if it wins the general election – but some spending cuts have not been ruled out.

Shadow chancellor Rachel Reeves told the BBC’s Laura Kuenssberg she did not want to make any spending cuts.

But she was “under no illusion about the scale of the challenge” and would face “difficult decisions”, she said.

The Conservatives have cut National Insurance twice and said they aim to scrap it when circumstances allow.

Economic Secretary to the Treasury Bim Afolami said Ms Reeves’ comments showed this was “just the same old Labour Party who have no plan to cut taxes and instead are leaving hard-working families to foot the bill for their unfunded spending commitments”.

The choice at the election was between “a clear and bold plan to cut taxes, and end the double tax on work, under Rishi Sunak, or going back to square one with the same old Labour Party, who as soon as they run out of money will come after yours”, he added.

Ms Reeves told Sunday with Laura Kuenssberg Labour supported lower taxes, but she would not put forward “unfunded proposals”.

Pressed repeatedly on her tax plans, she said: “What I want and Keir [Starmer] wants is taxes on working people to be lower and we certainly won’t be increasing income tax or national insurance if we win at the election.

“We opposed the increases to national insurance when Rishi Sunak put those forward as chancellor.



Source link

Business

Post navigation

Previous Post: Spanish minister says Gaza aggression is ‘real genocide’ – SUCH TV
Next Post: Martha’s rule: Mother encouraged as hospitals sign up to scheme

More Related Articles

Two big semiconductor proposals under process in India: Union minister Vaishnaw – Times of India Two big semiconductor proposals under process in India: Union minister Vaishnaw – Times of India Business
NTPC bets on large projects for 60 gigawatt solar dream – Times of India NTPC bets on large projects for 60 gigawatt solar dream – Times of India Business
UK’s Starmer Shares Video Of PM Modi’s Phone Call On Trade Deal: ‘Historic Achievement’ – News18 UK’s Starmer Shares Video Of PM Modi’s Phone Call On Trade Deal: ‘Historic Achievement’ – News18 Business
Centre Empowers ED by Bringing Goods & Services Tax Network Under PMLA – News18 Centre Empowers ED by Bringing Goods & Services Tax Network Under PMLA – News18 Business
Greenland ‘will stay Greenland’, former Trump adviser declares Greenland ‘will stay Greenland’, former Trump adviser declares Business
Finance minister sees IMF approval for  billion bailout package next month – SUCH TV Finance minister sees IMF approval for $7 billion bailout package next month – SUCH TV Business

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Four cricketers receive PCB clearance to participate in overseas leagues – SUCH TV
  • Easter staycations spike as people stay closer to home in ‘uncertain times’
  • Indianapolis official’s home attacked after vote in favor of controversial data center
  • Actress Tori Spelling hospitalized after Southern California crash; authorities investigating cause
  • OPEC+ raises output quotas by 206,000 bpd from May; warns on supply risks due to Middle East war – The Times of India

Categories

  • Business
  • Entertainment
  • Health
  • Life Style
  • Sports
  • World

Copyright © 2026 Breaking News.

Powered by PressBook Blog WordPress theme