Ms Reeves has insisted her latest announcements are not small change; or a drop in the ocean. With the election date uncertain, they are understandably wary of announcing more policies the Conservatives may steal.
The woman who is odds-on to be the next chancellor has recently been painting a bleak picture of the state of Britain. In her keynote Mais lecture last month, Rachel Reeves described Britain as gripped by 'recurrent crises', and a state of decline comparable to the turmoil of the 1970s. The Conservatives, she has claimed, have left the NHS 'on its knees' and pursued a 'scorched earth' approach to public services by making an unfunded commitment to cut National Insurance.
6bn over five years could be brought in through closing loopholes in the non-dom policy - although the Institute of Fiscal Studies warns that some non-doms, who currently pay £6bn a year in UK tax too, could move abroad. Funding HMRC to hire new compliance officers and use better technology to bring in more money from tax evaders would, Labour says, yield £5bn in five years' time.
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Labour will not bail out bankrupt councils, Rachel Reeves saysAsked if she would allow councils to raise taxes or tell them to sink or swim, the shadow chancellor said: 'I'm under no illusions about the scale of the challenge that I will inherit if I become chancellor later this year and I need to be honest with people.
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Labour's Rachel Reeves promises cash injection into public servicesRachel Reeves, a Labour Party member, stated that if she becomes chancellor, there will be an initial injection of cash into public services. She mentioned plans to spend £1.5bn by removing VAT-free status from private schools and £7.7bn from a windfall tax on energy companies. Reeves acknowledged the challenging economic situation but expressed determination to work on improving it.
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Labour will be as economically radical as Margaret Thatcher, says Rachel ReevesThe shadow chancellor will say that the UK is currently at an 'inflection point' like it was in 1979 when Thatcher came to power.
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Labour's Rachel Reeves will channel Margaret Thatcher (again) in speech to City grandees tonight as...New ITV documentary 'Keir Starmer: Up Close - Tonight' reveals new images of the Labour leader. Starmer blasts Margaret Thatcher, saying 'what she had was clarity of mission and purpose, but actually, what she did was very destructive'.
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Labour's Rachel Reeves will channel Margaret Thatcher (again) in speech to City grandees tonight as...New ITV documentary 'Keir Starmer: Up Close - Tonight' reveals new images of the Labour leader. Starmer blasts Margaret Thatcher, saying 'what she had was clarity of mission and purpose, but actually, what she did was very destructive'.
Weiterlesen »
Labour's Rachel Reeves will channel Margaret Thatcher (again) in speech to City grandees tonight as...New ITV documentary 'Keir Starmer: Up Close - Tonight' reveals new images of the Labour leader. Starmer blasts Margaret Thatcher, saying 'what she had was clarity of mission and purpose, but actually, what she did was very destructive'.
Weiterlesen »