Labour sought to appeal to British businesses today, while the Tories are hoping to win over pensioners with a tax pledge.
ITV News' Romilly Weeks and Anushka Asthana break down what the Tories' pension tax pledge means and how Labour is seeking to appeal to British businesses
In her first major speech of the campaign pitching herself as chancellor, Ms Reeves said her party’s proposals meant there were “no additional tax rises needed beyond the ones I have set out”.with 121 executives, including the Wikipedia founder, wrote to The Times on Tuesday to declare their support for the party.
She also sought to emphasise Labour’s dividing lines with the Conservatives, saying her party would fight the election on the economy and blaming “Tory instability” for Britain’s economic situation. Have you heard our new podcast Talking Politics? Every week Tom, Robert and Anushka dig into the biggest issues dominating the political agenda…
The policy will cost £2.4 billion a year by 2029/30 and will be funded through the clamping down on tax dodgers – the same pot of money which will help pay for Mr Sunak’s plan for new mandatory national service for 18-year-olds. The former approach would have seen pensioners’ income hit by “fiscal drag”, while the Institute for Fiscal Studies calculates that around half of the £2.4 billion annual cost of the new plan is the price of not continuing to raise income tax on pensioners.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Labour promises mental health 'overhaul' after NHS psychiatrist defected to party from ToriesSir Keir Starmer has promised a mental health 'overhaul' as he welcomed defector and NHS psychiatrist Dan Poulter to his party.
Read more »
‘The Tories are finished’: Apathy is Labour’s only fear in Blackpool by-electionLabour feels like its the 'only player on the pitch'. But Reform fighting hard to beat Conservatives into second place in Blackpool South
Read more »
Scottish Labour and Tories react to Humza Yousaf's resignationBOTH Anas Sarwar and Douglas Ross have issued statements following the resignation of Humza Yousaf.
Read more »
Pensioners in Labour’s sights as last group who still back the ToriesLabour warns that the Conservative party’s long-term ambition to scrap National Insurance contributions means 'people’s pensions are on the line'
Read more »
Labour eyeing pensioner vote shows how the Tories have even alienated loyal supportersThe Government has failed on many fronts with only a small proportion of the electorate feeling that their lives have genuinely improved under the Tories in recent years.
Read more »
Labour outspends Tories amid fears Susan Hall is gaining on Sadiq Khan in LondonThe Labour Party has been ramping up spending ahead of the mayoral election despite being ahead in the polls
Read more »