Talks expected to focus on defence and trade amid UK reservations over negotiations on freedom of movementChancellor Rachel Reeves has refused to rule out a rise in inheritance tax or capital gains tax, reports the PA news agency.Asked directly whether she could rule out the tax increases, she replied:I’m not going to write a budget two months ahead of delivering it. We’re going to have to make difficult decisions in a range of areas.”The UK economy is just emerging from the recession that we entered into last year, and two quarters of positive economic growth is not going to reverse more than a decade of economic stagnation.Much work is needed to rebuild the foundations of our economy so we can rebuild Britain and make working people better off, and that is why growing our economy is absolutely essential.”Unless we grow the economy, we’re going to continue to be in a situation where taxes are at too high a level and public spending is not sustainable.We’ve got to break out of this doom loop, which is why growing the economy is the number one priority of this new government.” Continue reading…
Source link : https://www.theguardian.com/politics/live/2024/aug/28/keir-starmer-olaf-scholz-brexit-uk-politics-live-updates
Author : Amy Sedghi
Publish date : 2024-08-28 09:44:15
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