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.
More from this author
ANDREW MURRAY casts an eye over past upheavals and asks whether the left can find a fire escape before the world goes up in flames
But Business Secretary downplays prospect of full nationalisation and declines to extend emergency assistance to Port Talbot or Grangemouth
Meanwhile, Labour government toughens rhetoric against the genocide, but stops short of making any changes in policy or practical support for Israel
