Labour and Tories fight over economy as Hunt and Reeves drop tax cut hints

  • 📰 Glasgow_Times
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 59%

Finance Finance Headlines News

Rachel Reeves made a Thatcher-style commitment to ‘sound money’ while Jeremy Hunt dangled the prospect of further tax cuts as campaigning…

The Tories and Labour will fight over the economy as Sir Keir Starmer centres Saturday’s campaign on the cost-of-living crisis while the Conservatives hint at tax breaks for high earners.

“If you look at the distortions in the tax system between £50,000 and £125,000, they are bad economically because they disincentivise people from doing what we need, which is to work, work harder. And we are the party of hard work,” he said.Mr Hunt also branded inheritance tax “profoundly anti-Conservative”, but refused to be drawn on whether cuts to death duties would feature in the party manifesto.

Ms Reeves appeared to drop a hint that she may eventually be able to cut taxes “for working people” under a Labour government, saying saying she supports reductions when there is “a plan to pay for it”. However, sharing the front page with Ms Reeves was an intervention from former prime minister Boris Johnson, who used his Mail column to warn of a “lurch” to the left and say voters would be “mad” to hand Labour a big majority.

The Times reported that the Prime Minister is readying himself to “double down” on the Conservatives’ stalled Rwanda deportation scheme by using the manifesto to announce ambitions for similar schemes with other countries.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 76. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Labour will fight next election on economy, says ReevesThe shadow chancellor accused the Government of ‘gaslighting’ the public by claiming Britain had ‘turned a corner’.
Source: Glasgow_Times - 🏆 76. / 59 Read more »

Labour will fight next election on economy, says ReevesThe shadow chancellor accused the Government of ‘gaslighting’ the public by claiming Britain had ‘turned a corner’.
Source: Observer_Owl - 🏆 18. / 72 Read more »

Rachel Reeves slaps down PM's hung Parliament claims & 'deluded' Tories 'gaslighting' Brits on economyRachel Reeves has slapped down Rishi Sunak's claims that Britain is heading for a hung Parliament - as she hit out at the Tories for 'gaslighting' voters over the economy.
Source: LBCNews - 🏆 75. / 59 Read more »