US EditionHeidi Alexander says 'fairness' will be government's 'guiding principle' when it comes to taxes at next budget
GREATER LONDON, ENGLAND, JUL 13 – Labour faces a £5 billion shortfall after welfare reforms failed, prompting cabinet talks on possible tax rises in the autumn budget, officials said.
- Transport Secretary Heidi Alexander stated that fairness will guide the government's approach to taxes in the upcoming budget, emphasizing their commitment to not raising income tax, national insurance, or VAT for working people.
- Chancellor Rachel Reeves has not dismissed the possibility of tax rises as the government responds to pressures from Labour MPs and changing fiscal conditions.
- The Office for Budget Responsibility warned that the UK's finances are on an unsustainable path due to public spending promises that the government cannot afford in the long term.
- Heidi Alexander mentioned that a wealth tax suggested by Lord Kinnock was not directly discussed at the recent Cabinet away day but acknowledged that the Chancellor must consider the financial forecasts when setting the budget.
17 Articles
17 Articles
Evening Standard
Chancellor guided by ‘fairness’, senior minister says of calls for wealth tax
Transport Secretary Heidi Alexander would not directly rule out tax rises in the next budget as she toured the broadcast studios on Sunday morning.
Sky News UK
Heidi Alexander says 'fairness' will be government's 'guiding principle' when it comes to taxes at next budget
The transport secretary told Sky News tax rises were not discussed "directly" between ministers last week at a cabinet away day. But the Tories accused her of "barely disguised" hints that they're on the way.
A cabinet minister's said the Chancellor will be guided by "fairness" on tax when she delivers the budget in the autumn.
Transport secretary Heidi Alexander wouldn’t rule out rises in rates when pressed on Rachel Reeves’ plans. Questions about how the government will fund its policies have been raised since Labour MPs forced the government into a U-turn on welfare savings. Shadow Home Secretary and MP for Croydon South Chris Philp claims Labour has run out of options after mismanaging the economy.
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