To minimise the perception of Labour as a tax-and-spend party, the wealthy would not end up paying more
In truth, under the present proposals to stick to Tory spending plans and minimise the perception of Labour as a tax-and-spend party, the wealthy would not end up paying more at all. Proposed measures like restrictions on second homes’ council tax offsets are small beer in comparison to hitting the well-heeled with a tax cosh.
Reeves and Keir Starmer are ditching a sturdy centre-left assumption that raising more levies on earnings, property or wealth is the key to better funding of public services. “I don’t see a route towards having more money for public services that is through taxing our way there,” said Reeves. But the bullseye target here is the perception that with Reeves in Number 11, economic competence will be restored, without the risk of a “tax bombshell”. Sunak-era optimism about inflation-busting is not landing well with affluent folk worrying about their mortgages. Talking to a lending adviser at the weekend, she tells me she has “never been busier” with worried clients trying to guess the outlook for interest rates and find deals they can sustain.
Danmark Seneste Nyt, Danmark Overskrifter
Similar News:Du kan også læse nyheder, der ligner denne, som vi har indsamlet fra andre nyhedskilder.
No wealth tax under a Labour government, Shadow Chancellor Rachel Reeves saysLeft-wing group Momentum says Rachel Reeves' rejection of such a levy is 'shameful', while the Tories claim she is 'taking the British people for fools'.
Læs mere »
Labour and Lib Dems vie to snap up Nadine Dorries’ seatA by-election is expected in the Mid Bedfordshire constituency within weeks after the Conservative former culture secretary finally resigned.
Læs mere »
Scottish Labour leadership accused of 'trying to play both sides' on gender reformsSCOTTISH Labour have been accused of “running scared” and trying to “play both sides” on trans rights after refusing to clarify their…
Læs mere »
Yousaf claims SNP win in Rutherglen will force Labour rethink on two-child capThe First Minister will use a speech in Perth today to accuse Keir Starmer of making a 'political choice' over the hated Tory benefits policy.
Læs mere »
Questions for Scottish Labour after Keir Starmer U-turns on core tax pledgeLABOUR have been slammed on both sides of the political spectrum after they performed yet another U-turn, this time on the very first pledge Keir…
Læs mere »