US EditionConservatives Fear Welfare Reforms Will Not Head Off ‘Tax Rises’ This Autumn
- Chancellor Rachel Reeves may face a need to find up to £23 billion in autumn due to limited options, according to Capital Economics.
- Allister Heath warned that future tax increases will likely affect Britain's middle classes, whom he described as 'feeling squeezed.'
- Chancellor Mel Stride confirmed that tax rises are 'all but inevitable' despite planned benefit cuts, with interest on the national debt costing taxpayers £100 billion annually.
- Heath criticized Labour's economic policy, stating it is leading to a path of increased debt and diminished economic growth.
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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