Two-thirds of British people would preferRachel Reeves fill her BudgetA new poll suggests that a black hole can be addressed by reducing exp...
Two-thirds of British people would preferRachel Reeves fill her BudgetA new poll suggests that a black hole can be addressed by reducing expenses instead of increasing taxes.
A survey conducted by More In Common revealed that 67 percent wished for the Chancellor to reduce funding for public services, while just 33 percent supported increasing taxes on working individuals.
The results will increase additional pressure on Ms Reeves before her Budget on Wednesday, when she must address a multi-billion pound funding shortfall.
As she works to keep the books in order, the Chancellor is set to generate billions of pounds by keeping income tax thresholds frozen for an additional two years, extending until 2030.
She is also believed to be planning a National Insurance attack on salary sacrifice arrangements, such as pensions, and a 'mansion tax' targeting pricier properties.
Owners of electric vehicles will also face a new charge based on mileage for their cars.
At the same time, Ms Reeves is anticipated to increase welfare spending by approximately £3 billion annually by removing the two-child benefit limit in an effort to satisfy Labour MPs.
A poll conducted by More In Common revealed that almost half (47 percent) believed that prolonging the freeze on thresholds would violate Labour's pledge to not increase income tax.
Approximately 2,007 individuals were questioned between November 18 and 19 – only a week prior to the Chancellor's significant Budget.
Luke Tryl, the chief executive of More in Common, stated thatSunday Times: 'The British people are not unaware of the difficulties confronting the Chancellor.'
'On the contrary, the public overwhelmingly feels that the economy and public finances are deeply broken.
But the events of the last year have destroyed their belief that this is the correct government to address these issues.
If there's a positive aspect, it's that the Chancellor might have prevented a major public backlash by appearing to withdraw from an increase in income tax.
Abandoning Labour's key manifesto promise would have been a significant betrayal of trust; even more so, according to voters, than Partygate, the PPE controversy, or adjustments to the winter fuel allowance.
In an article published in the same newspaper, Ms Reeves stated that her Budget would help reduce living expenses for British families, while promising to 'take control of inflation'.
In a commitment to 'manage' public expenditure, the Chancellor stated: 'This does not conflict with our Labour principles, it is indeed a Labour principle, as there is nothing just or forward-thinking about injustice and inefficiency within government.'
Just as there is nothing just or forward-thinking in allocating £1 out of every £10 of taxpayer funds towards paying interest on debt.
Ms. Reeves also mentioned that she and Sir Keir Starmer would soon make another effort to reduce Britain's increasing welfare costs.
This year, the Chancellor and Prime Minister ceased most of their attempts to reduce welfare funding due to a significant uprising from Labour MPs.
They put on hold plans to limit access to the Personal Independence Payment (PIP), the primary disability benefit in England, until after an evaluation.
However, Ms. Reeves indicated that additional welfare reforms would soon be proposed as she works to manage government expenditures.
"It will also necessitate reforming our welfare system, shifting it from one created to penalize, ensnaring millions on benefits instead of assisting them in finding employment, into a system aimed at enabling individuals to thrive," she wrote.
Our changes will make it less beneficial to be absent from work due to illness, address youth unemployment by offering a guaranteed job opportunity, and boost in-person evaluations, which were halted by the previous administration.
Conservative leader Kemi Badenoch stated that Ms. Reeves needs to 'show courage' in acknowledging that maintaining income tax thresholds would violate Labour's pledge not to increase taxes on working individuals.
She stated: "If [Ms Reeves] freezes the income tax thresholds, she will, as per her own statements in her Budget speech last year, be violating the Labour manifesto."
And she must have the courage to stand up on Wednesday and confess this to British taxpayers – anything less will prove that she is a coward who refuses to accept responsibility for her actions.
Read more- If polls indicate that voters favor spending reductions rather than tax increases, can Rachel Reeves respond to public demand and refrain from raising taxes during her key Spring Statement?
- Will Chancellor Rachel Reeves violate her pledge of no tax increases amid impending budget reductions and a £60 billion financial shortfall?
- Is Rachel Reeves ready to implement significant tax changes in her upcoming Budget to shift Britain away from austerity measures?
- Will Rachel Reeves challenge the divided views of voters regarding tax reductions versus increases in public funding in the upcoming Spring Statement?
- Could Chancellor Rachel Reeves' bold tax increase proposals harm Labour, which is struggling in the polls following only four chaotic months in office?
