Labour to raise taxes

Posted on 12 Nov 2013
Share Blog Post
Labour would raise taxes for 12m workers The Shadow Chancellor has welcomed a report calling for a tax hike for those earning more than the £28,080 public sector average to fund a £32bn spending spree on public services. The move would cost almost 12.5m workers £2,500 extra in tax. John McDonnell called the Time for Demand report, which also calls for the £12,500 income tax free personal allowance to be axed, "an ambitious plan for economic transformation". Tory party chairman James Cleverly commented: "These proposals would hammer millions of workers with tax hikes, as well as abolishing the tax-free income allowance, leaving people with less money in their pockets. This once again shows why Labour can never be trusted to handle our economy."

View more blog posts

SME owners flee UK in droves
Posted on 16 Apr 2025
SME owners flee UK in droves
read more
£400 a year worse off
Posted on 09 Apr 2025
£400 a year worse off
read more
MTD hits home
Posted on 02 Apr 2025
MTD hits home
read more
MTD for self assassment
Posted on 26 Mar 2025
MTD for self assassment
read more
Back To Top
01604 660661