By GB News (Politics) | Created at 2024-10-30 15:44:33 | Updated at 2024-10-31 15:17:53
1 day ago
Christopher Hope has grilled a Labour MP for "going back on promises" in the autumn Budget and pointed out that the huge tax rises cannot all be due to the previous Tory governments.
The comments come as Chancellor Rachel Reeves has unveiled a staggering £40 billion tax increase in her first Budget, marking a significant change from the party's previous promises.
Speaking on GB News, the GB News political editor said: "On June 13th, your leader, the Prime Minister now, Sir Keir Starmer said that 'none of the plans in our manifesto for growth, for wealth creation require us to raise other taxes we do not involve.
"They do not involve tax rises over and above the ones we set out in this manifesto.'"
Labour MP for Dover and Deal Mike Tapp responded: "So bear in mind. We've inherited a £21 billion black hole.
"At the same time, our public services have had no investment. We've had no growth in our economy already.
"I'm sure the OBR [Office for Budget Responsibility] will confirm this, that the markets are responding really well to this budget.
"That's what we want to see long term planning for hard working people, which is exactly what this budget delivers."
Chancellor of the Exchequer Rachel Reeves delivered her Budget to the House of Commons this afternoon
PA
The hefty raise in tax represents the largest raid in cash terms since 1970, surpassing even Norman Lamont's £38.5 billion increase in 1993.
Speaking in the House of Commons, Reeves justified the decision, citing a "black hole in our public finances" and the need to address compensation payments left unfunded by the previous government.
She then revealed that there will be an increase in National Insurance Tax for employers as well as capital gains tax and private school fees and a freeze on fuel duty.
Rachel Reeves revealed that there will be a huge tax hike
PA
In response, Rishi Sunak said: “This is the truth: They have fiddled the figures, they have raised tax to record levels.
“They have broken their promises and it is the working people of this country that are going to pay the price.
“The Chancellor and Prime Minister have tried to say that they had no choice but be in no doubt, their misleading claims about the state of the economy are nothing but a cynical political device.”
