Chancellor Rachel Reeves dropped a major hint that firms will be hit with a major tax increase in budget. She and Keir Starmer have been warned that doing so would be a 'straight forward breach' of Labour 's manifesto pledge not to increase taxes.
Property guru Kirsty Allsopp today led opposition to Rachel Reeves Budget plan to hammer families by removing tax breaks.
Location, Location, Location star Ms Allsopp told Times Radio stamp duty is 'a monster' and expected changes to thresholds in the Budget have caused 'chaos' in the housing market and 'won't claw back any money'. The Chancellor is preparing to unveil an eye-watering £40billion of tax hikes and spending cuts on October 30.
Successive Conservative chancellors blocked a planned inflation-level fuel increase following pressure from MPs, but Ms Reeves is considering restoring the rise In what looks like to be a testing Budget for Brits across the board, the Chancellor is also understood to be seeking to make around £3 billion of cuts to welfare over the next four years by restricting access to sickness benefits.
Shadow chancellor Jeremy Hunt said: 'During the election we repeatedly warned that Labour's sums didn't add up and that they were planning to raise taxes. The real scandal is that despite planning these tax rises all along, they didn't have the courage to admit it to the public during the election campaign.
Ms Reeves is also considering restoring the annual fuel duty rise, which would add another 1p or 2p to the duty levied at the pumps, with VAT adding another penny to the price paid by motorists. The Treasury pencils in an inflation-level rise in fuel duty each year. But protests by Tory MPs saw successive Conservative chancellors block it every year.
'Cancelling this and future annual increases would cost £5billion a year by the end of the parliament – money the Chancellor simply doesn't have as she tries to plug a £40billion funding hole for our schools, hospitals and other public services.' Howard Cox, of campaign group FairFuel UK, said: 'UK's 37million drivers are set to be punished hard.'
News BBC Ukraine VAT Russia Labour Rachel Reeves NHS
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Britain must accept tough times or face ruin, Rachel Reeves will warn – but vows ‘there will be NO aus...Rachel Reeves gives first major speech as Chancellor
Weiterlesen »
Free breakfast club in primary schools will start next year, vows Reeves in bid to ‘help kids thrive’...Rachel Reeves gives first major speech as Chancellor
Weiterlesen »
Rachel Reeves interrupted by protester during Labour Party conference speechThe Chancellor was speaking on Monday afternoon when she was heckled by a demonstrator in the main hall.
Weiterlesen »
Rachel Reeves Defends Accepting Clothing DonationsChancellor Rachel Reeves has defended accepting thousands of pounds worth of clothing donations from a friend while in opposition, saying she 'appreciated' the help and will not accept such gifts now that she is in government.
Weiterlesen »
Reports immediate PIP payments cut on the table in Labour reformsChancellor Rachel Reeves has indicated that difficult choices lie ahead
Weiterlesen »
Rachel Reeves' Keynote Conference Speech Interrupted By Furious HecklerKate is a Senior Trends Reporter at HuffPost UK, covering the day's most compelling stories. She has worked in the national news since she became a qualified journalist and was previously a reporter with Express.co.uk
Weiterlesen »