Latest editorial
Tax cuts put Labour on the spot
Labour's shadow chancellor Rachel Reeves, and shadow paymaster general Jonathan Ashworth, during a visit to Wellingborough, Northamptonshire, to unveil Labour's poster campaign of what it calls "Rishi's raw deal" for taxpayers ahead of the reduction in national insurance contributions on January 6, January 5, 2024
TALK of impending tax cuts is now rife in Westminster. Chancellor Jeremy Hunt claims that lower state borrowing figures give him room to reduce taxes this year.
There is even speculation that he may make two tax-cutting announcements over the course of the coming months.
His motivation is obvious. The depressed and divided Tory Party needs something to rally around, and tax cuts would give it a point of unity.
Similar stories
Instead of responding to changed circumstances by adjusting policy, Reeves is using fiscal ‘rules’ as an excuse to force government departments to make even deeper cuts than she had already flagged, says CLAUDIA WEBBE
