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

Bloodbath in India Stocks As Trends Show Below Par Show By BJP-led NDA; Sensex Slumps Over 4,000 Points Bloodbath in India Stocks As Trends Show Below Par Show By BJP-led NDA; Sensex Slumps Over 4,000 Points Business
Rs3.5m loan cap limits housing scheme appeal | The Express Tribune Rs3.5m loan cap limits housing scheme appeal | The Express Tribune Business
Key Infrastructure Sectors’ Growth Slows to 6.7% in February – News18 Key Infrastructure Sectors’ Growth Slows to 6.7% in February – News18 Business
Centre lifts ‘minimum export price’ on basmati rice, increases duties on edible oils – Times of India Centre lifts ‘minimum export price’ on basmati rice, increases duties on edible oils – Times of India Business
Janet Yellen: Credit downgrade ‘puzzling’ and ‘unwarranted’ Janet Yellen: Credit downgrade ‘puzzling’ and ‘unwarranted’ Business
Trump Returns to the Service Formerly Known as Twitter Trump Returns to the Service Formerly Known as Twitter Business

Leave a Reply Cancel reply

Your email address will not be published.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

Recent Posts

  • In five charts – How UAE’s exit could affect Opec’s influence over the oil price
  • Olivia Wilde recent appearance worries fans
  • Feds hunt mystery drone thieves who swiped 15 sprayers that Army warned could be weaponized
  • New miscarriage care could save 10,000 babies and NHS millions
  • Match officials announced for HBL PSL 11 qualifier – SUCH TV

Categories

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

Copyright © 2026 Breaking News.

Powered by PressBook Blog WordPress theme