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Labour's Rachel Reeves rules out increasing income tax or NI

  • BBC Politics
  • Sun May 26 2024

Labour has said there will be no rises in income tax or national insurance if it wins the general election - but spending cuts have not been ruled out.

Shadow chancellor Rachel Reeves told the BBC's Laura Kuenssberg she did not want to make any spending cuts.

But she was "under no illusion about the scale of the challenge" and would face "difficult decisions", she said.

The Conservatives have cut national insurance and said they aim to scrap it when circumstances allow.

Labour supported lower taxes, Ms Reeves told Sunday with Laura Kuenssberg, but she would not put forward "unfunded proposals", she added.

Pressed repeatedly on her tax plans, she said: "What I want and Keir [Starmer] wants is taxes on working people to be lower and we certainly won't be increasing income tax or national insurance if we win at the election.

"We opposed the increases to national insurance when Rishi Sunak put those forward as chancellor.

"Unlike the Conservatives, who have already racked up £64 billion of unfunded tax cuts in just three days of this campaign, I will never play fast and loose with the public finances, I will never put forward unfunded proposals."

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