Shadow treasury minister Darren Jones told the BBC Labour will not raises the tax burden on ‘working people’
Darren Jones, Labour’s shadow Treasury minister, has said that Rachel Reeves has “consistently pointing to the fact that we want taxes to come down” and ruled out rises to income tax, national insurance or VAT.
He told viewers of BBC Breakfast:
We’re not raising VAT. We’re not raising income tax. We’re not raising national insurance. The way we talk about these taxes is as taxes on working people because the majority of working people will know that the big taxes they pay are those that are set out in their payslip, in their shopping and bills on a day to day basis. So we have consistently said we want the tax burden on working people to come down, because it’s the highest it has been in 70 years.
So our first six steps – you will have heard us talk about 40,000 additional appointments in the NHS, 6,500 teachers in our schools, some issues around extra police officers, setting up GB energy – these six first steps that we will implement if we win the election are all fully costed
And they’re fully funded by closing a number of tax loopholes. And those loopholes are VAT on private school fees, private equity bonuses, closing some of the loopholes in the non-dom tax system, and then tackling tax avoidance.
The fiscal inheritance is going to be really hard, it’ll be the worst that any party has inherited since the second world war. So I make no secret of the fact that it will be really tough to begin with. Ee need to get growth back into the economy. More tax receipts to be able to fund public services, which by themselves also need reforming. And there are a whole host of issues that are preventing private sector investment and labour market productivity that the Conservatives fail to grapple with.
We’ve been very, very clear – even before the election was called – that we want the burden of taxes to come down on working people. That’s why we’ve supported the last two cuts to national insurance and why we’ve been consistent in saying we have no plans, no expectations to increase taxes on working people.
Of course, I would love to do lots of other things that cost lots of money, but I can’t because the Conservatives have crashed the economy, debt has gone through the roof, the cost of the national debt is a huge burden on the Treasury.
Continue reading… The Guardian Read More Shadow treasury minister Darren Jones told the BBC Labour will not raises the tax burden on ‘working people’Darren Jones, Labour’s shadow Treasury minister, has said that Rachel Reeves has “consistently pointing to the fact that we want taxes to come down” and ruled out rises to income tax, national insurance or VAT.He told viewers of BBC Breakfast:We’re not raising VAT. We’re not raising income tax. We’re not raising national insurance. The way we talk about these taxes is as taxes on working people because the majority of working people will know that the big taxes they pay are those that are set out in their payslip, in their shopping and bills on a day to day basis. So we have consistently said we want the tax burden on working people to come down, because it’s the highest it has been in 70 years.So our first six steps – you will have heard us talk about 40,000 additional appointments in the NHS, 6,500 teachers in our schools, some issues around extra police officers, setting up GB energy – these six first steps that we will implement if we win the election are all fully costedAnd they’re fully funded by closing a number of tax loopholes. And those loopholes are VAT on private school fees, private equity bonuses, closing some of the loopholes in the non-dom tax system, and then tackling tax avoidance.The fiscal inheritance is going to be really hard, it’ll be the worst that any party has inherited since the second world war. So I make no secret of the fact that it will be really tough to begin with. Ee need to get growth back into the economy. More tax receipts to be able to fund public services, which by themselves also need reforming. And there are a whole host of issues that are preventing private sector investment and labour market productivity that the Conservatives fail to grapple with.We’ve been very, very clear – even before the election was called – that we want the burden of taxes to come down on working people. That’s why we’ve supported the last two cuts to national insurance and why we’ve been consistent in saying we have no plans, no expectations to increase taxes on working people.Of course, I would love to do lots of other things that cost lots of money, but I can’t because the Conservatives have crashed the economy, debt has gone through the roof, the cost of the national debt is a huge burden on the Treasury. Continue reading…
