Chancellor fails to rule out tax raid on pensioners to pay for unfunded £46 billion plan say Labour

General / Fri 22nd Mar 2024 at 09:40am

CHANCELLOR Jeremy Hunt may have let the cat out of the bag and revealed that he is going to pay for his reckless £46 billion plan to abolish national insurance contributions by hiking taxes on pensioners claim Labour.

In Parliament this week, Labour’s Shadow Chancellor, Rachel Reeves, pressured Hunt to come clean as to how such a move would be funded. Hunt then failed to rule out hiking taxes on pensioners to pay for his unfunded pledge. Yet again it’s giving with one hand and taking with the other.

Rachel Reeves said “After 14 years, we need a new government that won’t play fast and loose with the public finances. A Labour Government will always treat the public’s money with the care it deserves and build a stronger economy that works for working people.

Chris Vince, Labour’s candidate for the next General Election in Harlow added “Harlow has been badly let down by a Conservative government who put their friends and donors first and the people of our town second. I know the next Labour government will provide the economic security Harlow and its residents need. Its time for change.”

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8 Comments for Chancellor fails to rule out tax raid on pensioners to pay for unfunded £46 billion plan say Labour:

2024-03-22 10:21:45

"Giving with one hand and taking with the other"? If you are a pensioner there'll be no giving with one hand because there's already no NI on pensions. It will just be the taking with a tax hike.

2024-03-22 10:46:04

Whilst the Local Conservative controlled council are doing a good job in Harlow, our MP is being let down by The National Party, An unelected leader, Failure to actually get major projects like the new hospital and UKHSA started, Failure to actually control Immigration, As for their record on Taxation both direct and indirect they clearly have lost their way

Tracy George
2024-03-22 10:54:15

Leave the pensioners alone, tax your rich mates instead. Christ, this party are disgusting. We don't need a NI cut, we need the services and I'd rather everyone chipped in, than taking it away from the poorest in our society.

James Gamble
2024-03-22 12:59:57

An increase in income tax is the only way they could afford to fund their NI plans and as Pevsioners do not pay NI any increase in Incomb tax will mean they will have to pay more.

2024-03-22 20:47:31

Austerity is good for you poor, makes you work harder but we must ensure the rich remain rich and the ruling class can carry on leading you donkeys so we can make a profit on your backs it's Conservative philosophy. Cutting taxes whilst taking tax is at an all time high. Harlow remains high on the list of being one of the poorest and disadvantaged towns in the uk. Locally, at County and National levels it's a result of 13 or more years of the Tories being in government.

David Forman
2024-03-23 07:48:29

A blog from the London School of Economics says: "It will be a tough challenge, given these circumstances, for a potential Labour government to give hope that “things can only get better”. It was a credible claim in 1997, but the 2024 Budget has made such hope a little more distant." See blog at https://blogs.lse.ac.uk/politicsandpolicy/the-2024-budget-is-a-trap-for-labour/

2024-03-24 07:55:43

Leave the pensioners out of your tax hikes and tax the much wealthier population a tad more just a small tweak in the tax they pay will generate hundreds of millions of pounds to help your pensioners actually enjoy their retirement after years and years of already paying into the tax system and actually stopping the illegal migration into this country will save billions Mr J Hunt.

Mark Gough
2024-03-25 15:15:18

Labour have no clue, no Policies and no direction. Every thing they say alters when Sir Flip Flop changes his mind over and over again. The £28bn pledge has gone, yet today their Green pledges are estimated to cost £118bn! May I recommend people have look at Guido Fawkes' site - www.orderorder.com Mark Gough - UKIP Harlow

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