The Chancellor expressed openness to taxing the wealthy while ensuring protections for working individuals. Rachel Reeves emphasized no increases in national insurance, VAT, or income tax, adhering to fiscal rules. She faces financial challenges related to her policy changes on winter fuel payments and welfare reforms. Reeves reiterated her commitment to not raising taxes for working people, acknowledging their struggles with living costs. Additionally, she noted a decline in interest rates under the Labour Government, attributing it to economic stability and fiscal discipline.
"We haven't even set the date for the budget yet, so please forgive me if I'm not going to speculate about what might happen at an event that we haven't even decided a date on yet."
"But we've been really clear in our manifesto about the taxes that we won't increase, and we're not going to increase the taxes that working people pay, their income tax, their national insurance and their VAT, because I do recognise the struggle that ordinary working people have faced these last few years with the cost of living."
Collection
[
|
...
]