Posted on 10/30/2024 8:57:57 PM PDT by MinorityRepublican
The Budget will embrace the "harsh light of fiscal reality" but "better days are ahead", Sir Keir Starmer has said in a speech ahead of Wednesday's announcement.
Speaking in Birmingham, the prime minister said his government would take "tough decisions", opting to raise taxes in order "to prevent austerity and rebuild public services".
Although he did not set out many details of the Budget, he did say the £2 bus fare cap in England, which had been expected to end, would instead be replaced by a £3 cap, funded to the end of 2025.
He also announced £240m aimed at getting people back to work.
The Conservatives have accused Sir Keir of breaking Labour's election promises on tax.
In its general election manifesto, Labour promised not to increase taxes on working people - explicitly ruling out a rise in VAT, National Insurance or income tax.
However, the pledge has recently come under renewed scrutiny with the party's first Budget in 15 years expected to contain measures which could see taxes go up.
This includes an anticipated rise in the National Insurance (NICs) rate paid by employers, which some claim breaks Labour's manifesto pledge, and an expected extension of the freeze on income tax thresholds beyond 2028.
Ministers have come under pressure to spell out who would be covered by its promise not to raise taxes on working people.
In his speech, Sir Keir did not shy away from using the phrase, telling the audience "the working people of this country know exactly who they are".
He added that he would "protect the payslips of working people" who were "the golden thread" of the government's agenda.
(Excerpt) Read more at bbc.com ...
Raising taxes IS austerity
Obviously.
Austerity = cuts in spending for citizens while maintaining spending for “migrants” causing an existential threat to the entire Parliament.
Gotta pay for the illegals.
Government has to take more of your money to protect you from austerity.
“We need more money in our government coffers as we choke the begeezes out of the people with cut services”
Sounds like that NYC covid shutdown official having sex orgies at a bank while forcing everyone else to hide inside and abandon the elderly.
Ho Hum, so predictable.
Labour party gov’t always of limited ability.
Hell their Foreign Minister doesn’t even identify as British !
Raising taxes as a remedy to a crappy economy... sure, because *that* always works. LOL.
It’s interesting. Tony Blair represented the so-called “third way”... a Labor Party that was no longer wedded to Socialism. That era passed long ago, and with Starmer they’re reverting to the failed economic policies of the past. Oh, well, the British electorate punished the Tories (for valid enough reasons), but they’ll have to now sleep in the bed that they’ve made. And, as usual, those who forget history are doomed to repeat it.
This guy is on his way to having a no confidence vote in record time after he won a landslide election.
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