A Treasury Minister refused to exclude tax increases in the fall budget, with regard to the concern that any global economic instability could mean that the government will not have enough money to finance its spending plans.
Speaking to Sky HUB policy with Ali FortescueEmma Reynolds defended the way in which the economy was managed, but would not say if more income could be necessary for taxation.
Asked several times if she excluded the tax increases, the minister said: “I do not governs it and I do not exclude it.
“We have 9 billion pounds sterling of tax margin (money left in the budget), which is much more than the conservatives when they were in power, at the end of their time in power.
“We have a growing economy, and we, as the chancellor said in the room (municipalities), the fall budget last year was a single budget where we had to do very difficult things, and we are not going to have another budget like this in the future.”
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Responding directly to the Minister’s interview, the Chancellor of the Shadow, Sir Mel Stride, told Sky News: “The mask slipped. The expenditure examination of today was nothing more than an obscure.
“Now we know it – the tax increases are coming.”
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Speaking to Sky Beth Rigby political editorChancellor Rachel Reeves avoided the direct question of potential tax increases, saying: “Before all the money will be released, we will have a budget in the fall, and we will show in the Tour, when the Budget Responsibility Office updates its forecasts, how everything is consistent with the tax rules that I have stated as the last chancellor.”
She added that they “had made the tax changes required last year to finance the expenses that I established today”.
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Ms. Reeves imposed a set of “iron” budgetary rules, which restrict government loans in order to ensure economic stability and reduce the national debt of the United Kingdom, according to the Labor Party.
These rules mean that the amount of money it had to spend on the daily management of public services is limited to what the government takes tax revenue.
‘A tiny margin’
But as Paul Johnson of the non -partisan institute for tax studies said it to the Sky presenter Jayne SeckerThe Chancellor has given himself very little for the maneuver.
He said: “She established the tax rules and also meets them with the most tiny imaginable margin.
“What does that mean?”