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Conservatives Fear Welfare Reforms Will Not Head Off ‘Tax Rises’ This Autumn
- Shadow Chancellor Mel Stride warns Labour plans will lead to higher taxes and debt, accusing the party of not being transparent about these policies.
- Following Labour's spending commitments, nearly £80 billion has been added to debt interest, with leaked memos suggesting new taxes and increased defence spending requiring permanent tax rises.
- Recent figures show £25 billion jobs tax via employer NICs, £100 billion annual debt interest, and borrowing 70% above previous plans, evidencing rising costs.
- Labour's rising borrowing and tax plans will heighten public debt, fuel inflation, and lead to five percent council tax hikes, according to critics.
- Forecasts suggest UK borrowing could reach £130 billion annually by 2028, with the Office for Budget Responsibility warning taxes may stay high for decades, experts warn.
10 Articles
10 Articles
Taxes won't fall in decades, says IFS chief
Taxes in Britain will likely stay high for decades, the outgoing head of the Institute for Fiscal Studies (IFS) has warned, adding Rachel Reeves could be forced to hike them further in the autumn Budget.Paul Johnson, director of the IFS, told The i Paper the UK is experiencing a “historically extraordinary” rise in taxation, adding the Chancellor “will have no choice but to increase taxes in order to meet her fiscal rules.”Speaking two weeks bef…
Tax warning: Alarm sounded over 'kamikaze Budget' amid fears Rachel Reeves will be 'ordered to massively hike taxes'
Allister Heath has warned of a "kamikaze Budget" this autumn, predicting Chancellor Rachel Reeves will be "ordered to increase taxes massively" to appease financial markets and fund Government spending. Speaking to GB News, the editor of the Sunday Telegraph said the Government's welfare reform plans were "dead on arrival" following a series of U-turns on cost-saving measures.The Government is currently facing a rebellion from 120 Labour MPs ove…
Mel Stride: Labour will be putting up taxes and borrowing more - but they won't admit it
Mel Stride is the Shadow Chancellor and MP for Central Devon Labour are not being straight with the public. Rachel Reeves repeatedly claims that she has brought ‘stability’ and ‘fixed the public finances’, but the facts tell a different story. After less than a year in office, Labour have already added nearly £80 billion to our expected debt interest bill over this parliament. Labour’s borrowing is already running 70 per cent higher than under t…
Stride warns more ‘tax rises are coming’ in the Autumn Budget - London Business News
The Shadow Chancellor Mel Stride has warned during Prime Minister’s Questions (PMQs) that more “tax rises are coming” in the Autumn Budget. The Tories challenged the Deputy Prime Minister Angela… The post Stride warns more ‘tax rises are coming’ in the Autumn Budget appeared first on London Business News
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