Is Labour really the party of tax cuts?
Does Anas Sarwar really expect Scottish voters to believe this stuff?
This is getting silly. Every time a Tory chancellor opens his mouth on taxation, Labour leaps to endorse it. Again this week, Keir Starmer has welcomed the latest reduction in National Insurance. The shadow chancellor, Rachel Reeves, was predictably peeved at Jeremy Hunt stealing her policy on non-doms - foreign businessmen residing in the UK. They’ll now have to pay their proper share of tax after four years. Reeves has also ruled out wealth taxes, increases in income tax and any new property tax.
Now it was hardly a surprise that the Tories opted to shoot Labour’s fox on the even of an election. Reeves had tried to base most of Labour’s spending pledges on the £3bn or so that would’ve come from scrapping non dom tax reliefs. Now they have nothing to go on except our old friend “efficiency savings”, plus and a nugatory revenue stream from ending VAT relief on private schools. Labour no longer has any credible tax policy and that means it no longer has any credible spending policy. It’ll be barely able to pay for filling pot holes in the roads. It will be Birmingham council writ large.
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