By GB News (Politics) | Created at 2024-10-30 10:18:23 | Updated at 2024-10-30 15:16:58
5 hours ago
Shadow Commons Leader Chris Philp has accused Labour of lying to the public about taxes to win the general election.
Speaking on GB News, Philp claimed: "Labour will break all of those manifesto promises. It will become painfully clear that Labour had lied to the British public in order to win that election a few months ago, because they fought saying that none of their plans needed big tax increases and it turns out that is completely untrue."
Philp's comments come as Chancellor Rachel Reeves prepares to deliver her first Budget, expected to include significant tax hikes and spending shifts.
Labour's budget is expected to raise employer National Insurance contributions by at least one percentage point. The income tax threshold freeze is likely to be extended, potentially pushing more taxpayers into higher brackets.
Chris Philp accused Labour of lying to get into power
GB NEWS / PA
She says this has necessitated tough decisions to stabilise public finances and protect essential services.
Significant investments are anticipated for the NHS, education, and housing sectors.
In comments released by the Treasury, Reeves stated: "My belief in Britain burns brighter than ever. And the prize on offer to today is immense." She emphasised the importance of investment, saying: "To deliver that investment we must restore economic stability."
The Treasury has also declared that this budget will end austerity. A press release stated: "[Reeves] will make clear that this budget rejects austerity, instead prioritising economic stability, investment and reform."
The Chancellor is expected to focus on funding for the NHS, affordable housing, and school rebuilding.
Business groups have warned about the potential impact of Labour's budget on companies and workers. The Confederation of British Industry (CBI) and Institute of Directors have cautioned that Labour's planned tax increases could hit workers' pockets and lead to job losses.
Philp echoed these concerns, stating: "Labour's planned tax increases will hit workers in the pocket, they'll destroy jobs, and they will push some businesses overseas."
He dismissed Labour's claims of a financial "black hole", calling it "complete nonsense".
Philp argued that the Conservative administration had successfully reduced inflation and unemployment while fostering economic growth.
