From Dailymail · · 1m 50s
Andy Burnham urged to rule out tax rises in next month's Budget
Burnham faces pressure to avoid tax hikes as critics call him 'tax and spend socialist'.
In brief
Burnham faces pressure to avoid tax hikes as critics call him 'tax and spend socialist'. Andy Burnham warned of difficult Budget decisions after being criticized for being a 'tax and spend socialist' by former Bank of England officials. Originally reported by Dailymail.
Andy Burnham urged to rule out tax rises
Andy Burnham warned of difficult decisions in next month's Budget.
“That does not tell the story. We are not that.”
Shadow chancellor calls for tax moratorium
Andrew Griffith urged a tax rise freeze for next month's Budget.
“Labour are squeezing small businesses dry”
Inflation hits 3.1%
Inflation rose to 3.1% last month due to petrol prices.
“sharp price rises for petrol and diesel”
Former Bank officials criticize government
Bank of England chiefs warned markets distrust Labour's fiscal plans.
“there is a question mark about whether this government is willing to take the difficult decisions”
Tax and spend label stings Burnham
Andy Haldane called Burnham a 'tax and spend socialist'.
“this is a traditional tax and spend socialist government with better TikTok videos”
Burnham defends fiscal policy
Burnham said he took difficult decisions by scrapping digital ID plans.
“We are not that”
Chancellor faces £15bn shortfall
Government needs £15billion to cover budget shortfall.
“the fiscal Achilles' heel of this Government”
Tax system criticized
Griffith said Labour's tax system is too complex for businesses.
“Labour's "jobs tax" and business rates raid have done immense damage”
Interest rates at 3.75%
Bank of England held interest rates at 3.75%.
“they are now forecasting as many as four rate rises”
Borrowing costs hit 28-year high
Government borrowing costs reached 28-year high.
“Government borrowing costs have soared in recent weeks”
Burnham warns of economic challenges
Burnham said economy has resilience but faces global challenges.
“the picture around the world is challenging”
Chancellor promises breathing space
Healey pledged to provide breathing space for cost of living.
“restoring hope won't happen overnight”
Inflation driven by fuel prices
Petrol and diesel prices drove recent inflation rise.
“sharp price rises for petrol and diesel”
Middle East war impacts inflation
Middle East conflict raised global inflation rates.
“the war in the Middle East was impacting on inflation worldwide”
Tax system reforms proposed
Griffith called for simpler tax system and cuts.
“We need to cut taxes and make the tax system easier to navigate”
Budget challenges ahead
Burnham warned of difficult decisions in next month's Budget.
“the Budget is going to be challenging”
At a glance
Andy Burnham warned of difficult Budget decisions after being criticized for being a 'tax and spend socialist' by former Bank of England officials.
