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Canterbury
Conservatives

The Mask Slips...

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Wednesday, 30 October, 2024
  • Westminster News

During the election, Labour ruled out tax hikes for working people. They did so over 50 times.

They ruled out changing the debt target in their fiscal rules to allow more borrowing, describing such a move as 'fiddling the figures'. 

They spent the election campaign pretending that their party had changed. But today the disguise came off.

And people are horrified by the trick Labour have played on them.

In today’s budget the Chancellor has hiked taxes on working people.

Rachel Reeves has increased National Insurance, which experts say will hammer working people. In her own words, it's a tax on jobs, and will make it harder for businesses to hire staff and increase pay.

She's hiked Capital Gains Tax, hitting working people with assets and investments to supplement their retirement.

She's hiked stamp duty, hitting working people looking to move for work or for starting a family.

She's fiddled the figures to allow tens of billions more borrowing every year. Pushing up interest rates and meaning misery for millions of mortgage holders. 

And she’s confirmed a cold cruel winter for millions of pensioners by proceeding with cuts to Winter Fuel Payments.

Labour haven't just displayed contempt for the public by misleading them during the General Election.

They've displayed contempt for Parliament by announcing important Budget measures to journalists and bankers before MPs.

And their rhetoric about the British economy has damaged business, consumer and investor confidence.

With over 400 Labour MPs on board with everything Rachel Reeves and Keir Starmer want to do, it's vital for the country that we have a strong Opposition that can hold them to account. 

 

END

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