Rachel Reeves made a Thatcher-style commitment to ‘sound money’ while Jeremy Hunt dangled the prospect of further tax cuts as campaigning…
The Tories and Labour will fight over the economy as Sir Keir Starmer centres Saturday’s campaign on the cost-of-living crisis while the Conservatives hint at tax breaks for high earners.
“If you look at the distortions in the tax system between £50,000 and £125,000, they are bad economically because they disincentivise people from doing what we need, which is to work, work harder. And we are the party of hard work,” he said.Mr Hunt also branded inheritance tax “profoundly anti-Conservative”, but refused to be drawn on whether cuts to death duties would feature in the party manifesto.
Ms Reeves appeared to drop a hint that she may eventually be able to cut taxes “for working people” under a Labour government, saying saying she supports reductions when there is “a plan to pay for it”. However, sharing the front page with Ms Reeves was an intervention from former prime minister Boris Johnson, who used his Mail column to warn of a “lurch” to the left and say voters would be “mad” to hand Labour a big majority.
The Times reported that the Prime Minister is readying himself to “double down” on the Conservatives’ stalled Rwanda deportation scheme by using the manifesto to announce ambitions for similar schemes with other countries.
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