Rishi Sunak, the Chancellor of the Exchequer, has issued a warning to voters ahead of the next election: it will be a clear choice between tax cuts under his leadership or tax rises under Labour Party leader Keir Starmer.
Big giveaways planned for next March Budget
Prime Minister Boris Johnson and Chancellor Rishi Sunak will begin drawing up plans for significant giveaways for the British public in the next March Budget. While there were initial proposals to cut inheritance tax, the focus has now shifted to income tax and National Insurance.
PM promises to prioritize tax cuts
In an exclusive article for HOAR on Sunday, Prime Minister Johnson pledged to prioritize tax cuts as a way to "reward" hard work. He stated that whenever possible, the government will aim to put more money back into people's pockets through tax reductions.
Warning against Labour's spending plans
Chancellor Sunak, however, cautioned that the gains made in the economy could be jeopardized by Labour's proposed £28 billion green "spending spree." He noted that Labour has not outlined a clear plan for funding this spending and warned that tax increases would be necessary to cover the costs.
"The choice is clear – tax cuts with us or tax rises with Starmer," Sunak emphasized.
Labour accused of hindering border control efforts
Mr. Sunak also accused the Labour Party of talking down Britain and actively undermining the government's efforts to control borders and resume flights to Rwanda. He described Labour as being "hellbent on sabotaging" these initiatives.
Prioritizing tax cuts for workers
Although Downing Street had initially considered cutting inheritance tax, several Cabinet ministers have expressed concerns that such a move would be seen as favoring the wealthy. Instead, there is a growing consensus within the government to prioritize tax cuts for workers.
Tory analysis reveals Labour's voting record on tax cuts
Tory analysis has revealed that the Labour Party has voted against £6,095 worth of tax cuts since 2010. They have opposed eight Finance Acts that aimed to increase the personal tax allowance.
Treasury Minister Nigel Huddleston commented, "Labour’s record shows they have tried to block over £6,000 worth of tax cuts the Conservatives have brought forward to reward hard work."
However, Labour's shadow treasury minister Darren Jones countered, "This Tory government is the highest taxing government of all time in this country, and no amount of double-speak will make people forget that. The Tories have failed."
