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

RBI Keeps Repo Rate Unchanged, Home Loan EMIs Likely to Remain The Same – News18 RBI Keeps Repo Rate Unchanged, Home Loan EMIs Likely to Remain The Same – News18 Business
Budget 2026: Defence, critical minerals and infra may get major boost Budget 2026: Defence, critical minerals and infra may get major boost Business
GST collections up 16%, fastest since Oct 2022 – Times of India GST collections up 16%, fastest since Oct 2022 – Times of India Business
IT sector Q1 results: Muted quarterly earnings likely for India’s IT giants as deal momentum slows; mid-tier players to shine – Times of India IT sector Q1 results: Muted quarterly earnings likely for India’s IT giants as deal momentum slows; mid-tier players to shine – Times of India Business
Easter staycations spike as people stay closer to home in ‘uncertain times’ Easter staycations spike as people stay closer to home in ‘uncertain times’ Business
PSX sees strong rally, Index climbs 1,000 points | The Express Tribune PSX sees strong rally, Index climbs 1,000 points | The Express Tribune Business

Leave a Reply Cancel reply

Your email address will not be published.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

Recent Posts

  • Steven Spielberg talks
  • Study reveals hidden gut factor that may make some people more susceptible to sepsis
  • How soaring fuel prices will impact April’s GDP data
  • Mexico City chases world record for largest Mexican wave ahead of World Cup
  • Germany beat USA 2–1 in final World Cup warm-up friendly

Categories

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

Copyright © 2026 Breaking News.

Powered by PressBook Blog WordPress theme