Shadow Treasury minister James Murray said Labour was seeking to match and surpass the economic boom in the US under the Biden administration
, said that any long-term increases in public spending would have to be funded through stronger economic growth.
Under the plans, HMRC would make more use of realtime economic data and automatic reporting of transactions to make it easier for individuals and firms to know how much tax they owe and pay it promptly. Public-sector unions have demanded significant pay increases, with doctors asking for a 15-year pay squeeze to be reversed and other groups such as nurses and teachers calling for above-inflation wage rises.
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