'They really are between a rock and a hard place.' Janet Daby, Labour MP Lewisham East on how local authorities have been affected by the recent budget. politicslondon |
The government chose to make the best paid pay more.That is the consequence of freezing the levels, the thresholds, at which you start paying it or pay more, as earnings increase over time.Labour, meanwhile, are determined to say, for now at least, as little about income tax as possible.
In other words, he appeared to tacitly acknowledge rejoining the single market would help with growth, but it was politically unpalatable.And Labour agree - they don't want to reopen the argument about the single market or the customs union, the two big economic structures of the EU.
So, by the year 2027-28 the overall effect of the policy decisions announced, excluding energy, is expected to be a net gain to the Treasury of £55bn.The £30bn squeeze in public spending is a cut compared to what had previously been planned. It is not a cut compared to current levels of spending.As the chancellor said: "Overall spending in public services will continue to rise, in real terms, for the next five years".
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘You couldn’t get more Labour if you tried’ says caller, after Autumn Statement tax rises‘The Conservatives are trying to win by becoming the other party.’ This former Tory voter believes the Tories’ 'extreme dishonesty’ is a threat to democracy because ‘you don’t know what you’re voting for’. SangitaMyska
Read more »
Autumn Statement – Jeremy Hunt denies plans to raise fuel duty, BBC ‘road tax’ rowAutumn Statement – Jeremy Hunt denies plans to raise fuel duty, BBC ‘road tax’ row Tory backbench MPs call for tax on fuel to be frozen again as Office for Budget Responsibility suggests 23 per cent rise coming in March cycling
Read more »
Autumn Statement: Jeremy Hunt defends tax rises for middle earnersJeremy Hunt says his plan is 'balanced', after think tank says it piles more pressure on 'squeezed middle'.
Read more »
The markets may support Jeremy Hunt's Autumn Statement, but voters need more convincingThe markets support Jeremy Hunt's Autumn Statement, but voters need more convincing 🗳️ The plans have done little to restore the Conservative party’s standing in the polls 🔵 John Curtice for ipaperviews
Read more »
Votes for rent as Autumn Statement squeezes younger workers\n\t\t\tLet our global subject matter experts broaden your perspective with timely insights and opinions you\n\t\t\tcan’t find anywhere else.\n\t\t
Read more »
Households to get £100s in free cash from Autumn Statement - are you eligible?THOUSANDS are entitled to new funding now that Chancellor Jeremy Hunt has announced plans in his Autumn Statement. Mr Hunt has revealed the Household Support Fund (HSF) will be extended past April …
Read more »