Rachel promises not to raise taxes again

[Rachelfromaccounts]

Reeves has promised that Labour won't raise taxes again. Will these words come back to haunt Labour ? I think they will !

YANBU of course Labour will raise taxes again
YABU Of course Labour won't raise taxes

news.sky.com/story/chancellor-rachel-reeves-promises-she-will-not-raise-taxes-again-13260603?dcmp=snt-sf-twitter

I think it would be very difficult for them to raise them again. When would she do it - she won't want to do it too soon, but wait too long and you're too close to the next election.

I think they're hoping that one really big increase in tax revenue right at the start of a 5 year term will pay off, and that by the end of the 5 years they'll be able to point to enough improvements that people won't care enough about the tax raise 5 years earlier for it to hurt them at the election. I think they're really really banking on being able to say "we raised taxes once, told you it wouldn't happen again, and it didn't. And look what we've done with the money!"

If Sky News says it, I want to see it from at least 2 other sources before I'll believe it.

This is the same rachel Rachel who claimed she was working as an “economist” at HBOS. But a load of people who worked with her have now come out and confirmed she worked in retail banking in a support dept.

How she is now running the whole country is a joke and I would not trust a single thing that comes out of her mouth.

She said it at her CBI speech

I'm not coming back with more borrowing or more taxes. And that is why at this budget, we did wipe the slate clean to put public finances and public services on a firm footing. As a result, we won't have to do a budget like this ever again."

I honestly don’t know what to believe with this government but I hope at the end of their term there are still some employment opportunities for our kids.

On a handful of votes so far, almost 90% think she will raise taxes further. Probably the wrong ones, if you ask my opinions.

I don’t believe her for a moment.

Truth is an alien concept to this administration. They will say what they think people want to hear.

I agree....I dont believe anything they say

liar liar pants on fire.

she'll find some sneaky new way to explain why it's the tories fault again or raise them by leaving thresholds where they are or lowering them, or some technicality that brings a load more people into a tax, or simply inflate us all into higher taxes, let Sillyband et al ramp up energy and food prices until we can't afford to live anyway.

Well, before election she said Growth would solve everything. Then she cut WFA for pensioners almost immediately; gave private sector workers generous pay rises costing many billions; then pummelled private sector with employer NI massive rises, minimum wage increases and the prospect of private sector wages being depressed because employers are in crisis mode; IHT issues for farmers who feed the country (I am not a farmer and have no connection to farming) and she thinks this will stimulate growth or that anyone will believe a word she says about not raising taxes again. Right.

Didn't she say not tax raises on businesses again? That's different. Just as people confused no income tax raises in Labour's previous message.

I mean, I do think we need tax rises. But they need to be done really carefully.

I think that saying we won't raise taxes on working people and then doing the whole employer NI thing - that does raise taxes on working people, just indirectly. Pay rises planned where my DH works were lowered immediately after the budget. The recipients didn't know about it - they just received the smaller rise, not knowing that it had been planned to be bigger.

The problem will become worse as growth is depressed from the budget, inflation ramps up and servicing government debt gets more expensive.

She’s made ludicrous comments about achieving growth when simultaneously doing everything possible that suppresses it. Growth is key. And the private sector has to generate it, but they’re now hamstrung with billions of pounds of extra costs that are going to create job losses, lack of investment, inflation, brakes on development etc etc.

Is Reeves a pal of yours? Why call her by her first name so familiarly in the thread title?

😂

I actually wish politicians wouldn't make promises. Nobody knows what situations are round the corner that could require a change in approach and I'd have more respect if they just said that. I also think it would have been hugely simpler, less controversial and more revenue raising to simply use income tax instead of tinkering about with bits and pieces. We need more than a billion here or there just to fix the "black hole" and it needs to be paid for by all, including bloody Amazon etc. Also the nonsense about who is a "working person" needs to stop. The idea that you aren't deserving of that title or any protection unless your down a pit is a very weird and damaging to aspiration.

I completely agree. When I heard her say she wouldn't raise taxes again I thought she will regret that statement at some point.
Backing themselves into corners again..then just scrabbling around to find more money.

I don't know enough about tax law but on R4 Question Time someone said that Amazon should be paying literally billions in some form of tax that most businesses do, but they've set things up in a way they avoid it. I'd like to see that stopped without bringing in some blanket legislation that negatively impacts small busineses and growth. It seems to be an early trend that Labour are doing this . Some "farmers" abusing the system so bring in a new tax for all of them. Some wealthy pensioners don't need the fuel allowance so get it rid of it for almost all.

This!!!

Yes sledgehammer and nuts come to mind!

In five years time I will judge whether:

A. Me and my family are better off.
B. The city I live in looks better, and at least some of the things that have stopped working (A&E, Hospital, Buses) are in a better state.
C. The country as a whole seems better off.

In that priority order. Most of the rest of it is just noise frankly.

It won't matter what she said or didn't say. Someone with a username like the OP and some other people who've responded aren't interested in any kind of constructive debate.

Agreed. ETA I might not have the same order of priority, but I agree that I wouldn't judge the performance in the short term.