Minister Defends Tax Hikes Amid Business Backlash: 'The Alternative Was More Austerity'

  • 📰 HuffPostUK
  • ⏱ Reading Time:
  • 61 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 38%
  • Publisher: 51%

Budget 뉴스

Jess Phillips,Tax,CBI

Kate is a Senior Trends Reporter at HuffPost UK, covering the day's most compelling stories. She has worked in the national news since she became a qualified journalist and was previously a reporter with Express.co.uk

"I wouldn't want anyone, any business, to feel like they couldn't be investing in their staff, but the alternative was more austerity."business leaders on Monday that these measures are undermining Labour’s attempts to get people back into work, as employers will be more reluctant to “take a chance” on new hires.“So if we want investment into our NHS, that gets Britain working, that stops the millions of people who are currently out of work, that takes investment.

The MP for Birmingham Yardley continued: “But the alternative was more austerity and I’m telling you now that services in Birmingham couldn’t have taken any more austerity and it would have made our city, our country, sicker.”Phillips replied: “Look, I mean, I think we will have to wait and see. “We are also investing hundreds of millions into new jobs. So I think the difficult decisions have to be made, and time is going to have to tell how that plays out but we are investing in growth in this country.Reeves is expected to tell businesses on Monday that they have offered “no alternatives” to her plans.

She will say: “We have asked businesses and the wealthiest to contribute more. I know those choices will have an impact. But I stand by those choices as the right choices for our country: investment to fix the NHS and rebuild Britain, while ensuring working people don’t face higher taxes in their payslips.”

Labour raised taxes by £40bn in the Budget in a bid to close the £22bn black hole the party claims the Tories left behind in the public finances, and to boost public services.Exclusive: Voters' Trust In Labour To Run The Economy Plummets Amid Budget Backlash

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 108. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

CBI Warns Labour's Budget Tax Hikes Will Damage Growth, Investment, and JobsThe Confederation of British Industry (CBI) is set to warn that Labour's budget tax increases will negatively impact economic growth, investment, and job creation. CBI chief executive Rain Newton-Smith will argue that the £25 billion National Insurance rise undermines the chancellor's goal of boosting the economy and has forced businesses, particularly in retail and hospitality, into 'crisis containment'.
출처: DailyMailUK - 🏆 7. / 90 더 많은 것을 읽으십시오 »