POLL OF THE DAY: Do you trust Rachel Reeves not to increase taxes? YOUR VERDICT
Rachel Reeves is under fire for her plans to means-test the Winter Fuel Payment
GB NEWS
Chancellor Rachel Reeves has sparked concerns among businesses and taxpayers with the prospect of potential tax hikes. Despite the Chancellor saying she would not increase income tax - the Labour government have already warned of hard times ahead and those with the 'broadest shoulders would have the biggest burden.'
As Reeves outlines Labour’s economic strategy, there is mounting speculation that higher taxes could be introduced to fund the party’s ambitious public spending plans, including significant investments in healthcare, education, and infrastructure.
Critics warn that increasing taxes could dampen economic growth, discourage investment, and place a heavier burden on working families and businesses already struggling with the cost-of-living crisis. The business community, in particular, fears that corporate tax hikes could stifle competitiveness and drive companies overseas.
Reeves has emphasized that any tax changes would be targeted at the wealthiest and large corporations, aiming to make the system fairer. However, opponents argue that such moves could hit the wider economy, potentially leading to job losses and stunted growth at a time when economic stability is needed most.
POLL OF THE DAY: Do you trust Rachel Reeves not to increase taxes? YOUR VERDICT
GB News
In the exclusive poll for GB News membership readers, an overwhelming majority (99 per cent) of the 1,885 voters think Rachel Reeves will increase taxes, while just one per cent think she won't.