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

Crypto goes legit in Pakistan as govt rolls out licences | The Express Tribune Crypto goes legit in Pakistan as govt rolls out licences | The Express Tribune Business
Infosys salary hikes announced ahead of holiday season; here’s the likely average hike – Times of India Infosys salary hikes announced ahead of holiday season; here’s the likely average hike – Times of India Business
Gold rate continue to climb locally despite global market decline | The Express Tribune Gold rate continue to climb locally despite global market decline | The Express Tribune Business
Credit Suisse inquiry to keep files secret  | The Express Tribune Credit Suisse inquiry to keep files secret | The Express Tribune Business
Central govt to issue Rs 20,000 crore ‘Sovereign Green Bonds’ in four tranches in FY25 – Times of India Central govt to issue Rs 20,000 crore ‘Sovereign Green Bonds’ in four tranches in FY25 – Times of India Business
2023 Tata Nexon Ev Massive Discount Of Up To 2.65 Lakhs 2023 Tata Nexon Ev Massive Discount Of Up To 2.65 Lakhs Business

Leave a Reply Cancel reply

Your email address will not be published.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

Recent Posts

  • American tourists arrested in Japan after alleged break-in at viral monkey Punch’s enclosure
  • Sony PlayStation Plus price hike confirmed: New subscribers to pay more starting May 20
  • Pakistani celebrities, designers bring cultural flair to Cannes 2026 | The Express Tribune
  • KSE-100 index slumps over 2,500 points amid geopolitical tensions | The Express Tribune
  • Pakistan steady after Das ton | The Express Tribune

Categories

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

Copyright © 2026 Breaking News.

Powered by PressBook Blog WordPress theme