Labour will maintain Conservative plans for income tax thresholds to remain frozen if it wins the election, the shadow business secretary has said.Jonathan Reynolds told the BBC he needed to be “candid” that Labour would continue with the plans. saying they amounted to a “tax rise”.The freeze on the personal allowance – the amount of money you can earn before any tax starts to be paid – is already set to continue until 2028.The plans make tax increases inevitable as wage rises push more people above the tax-free income threshold.Labour Leader Sir Keir Starmer has argued his party would not bring in tax rises for working people if they form the next government. His comments come amid a continuing row about Mr Sunak’s claim that Labour’s plans would mean “£2,000 in higher taxes for every working family in our country”.BBC analysis found the claim risked misleading voters.The figure was based on assumptions about Labour’s spending divided by working households over four years.The claim has also been criticised by the UK statistics watchdog and a letter from Treasury permanent secretary James Bowler said it should not be presented as civil service work.But the Conservatives have stuck by the comment.During the BBC’s election debate on Friday, Conservative minister Penny Mordaunt said: “Keir Starmer confirmed this earlier this week – they are going to put up your taxes by £2,000 per working household.”Labour deputy leader Angela Rayner replied “that is a lie”, adding that the government has raised taxes to a “record level”.Shadow chancellor Rachel Reeves had previously described the government’s decision to freeze income tax thresholds as “picking the pockets” of working people.But in the run-up to the election, Labour vowed to maintain government ta …
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[mwai_chat context=”Let’s have a discussion about this article:nnLabour will maintain Conservative plans for income tax thresholds to remain frozen if it wins the election, the shadow business secretary has said.Jonathan Reynolds told the BBC he needed to be “candid” that Labour would continue with the plans. saying they amounted to a “tax rise”.The freeze on the personal allowance – the amount of money you can earn before any tax starts to be paid – is already set to continue until 2028.The plans make tax increases inevitable as wage rises push more people above the tax-free income threshold.Labour Leader Sir Keir Starmer has argued his party would not bring in tax rises for working people if they form the next government. His comments come amid a continuing row about Mr Sunak’s claim that Labour’s plans would mean “£2,000 in higher taxes for every working family in our country”.BBC analysis found the claim risked misleading voters.The figure was based on assumptions about Labour’s spending divided by working households over four years.The claim has also been criticised by the UK statistics watchdog and a letter from Treasury permanent secretary James Bowler said it should not be presented as civil service work.But the Conservatives have stuck by the comment.During the BBC’s election debate on Friday, Conservative minister Penny Mordaunt said: “Keir Starmer confirmed this earlier this week – they are going to put up your taxes by £2,000 per working household.”Labour deputy leader Angela Rayner replied “that is a lie”, adding that the government has raised taxes to a “record level”.Shadow chancellor Rachel Reeves had previously described the government’s decision to freeze income tax thresholds as “picking the pockets” of working people.But in the run-up to the election, Labour vowed to maintain government ta …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
