Shadow Chancellor Rachel Reeves delivered her first major speech of the election campaign at the Rolls Royce factory in Derby, emphasizing Labour's focus on economic growth and stability. Reeves highlighted Labour's commitment to business engagement, no further tax measures beyond current pledges, and ruled out an emergency budget. She criticized the Conservatives on high taxes, debt, and pensioner tax cuts. Reeves refused to commit to unfreezing income tax thresholds but expressed a desire for lower taxes with proper funding. Both Labour and the Conservatives have ruled out increasing VAT post-election.
Nick Robinson: You attack Labour for having a secret plan to increase VAT, but which party put VAT up to 15% & then 17.5% & then 20%... every VAT increase, in your lifetime, Thatcher, Major & Cameron, were increased by Tory govts? Jeremy Hunt: Tories have put up taxes #r4today https://t.co/LaZZUu7Rva
'We're not raising VAT, we are not raising income tax, we are not raising National Insurance' Darren Jones, Shadow Chief Secretary to the Treasury, spoke to #BBCBreakfast as Labour, Conservatives and Liberal Democrats all ruled out increasing VAT after the General Election… https://t.co/EGVcgENAva
"Labour have no plans to bring down the tax burden." Chancellor Jeremy Hunt discusses the differences between Labour and the Conservatives in the run up to the General Election. https://t.co/PAiZ4D1jU3 📺 Sky 501, Virgin 602, Freeview 233 and YouTube https://t.co/cfFZcBkc9u
"You can say: 'read my lips - no new taxes?'" "We will not increase those three major taxes." Chancellor Jeremy Hunt promises not to increase income tax, National Insurance, or VAT - but when pressed by @NickFerrariLBC he refuses to rule out other tax rises if re-elected. https://t.co/eh0H4uH4G2
'How long would VAT remain as it is under a Labour government?' @ranvir01 questions Shadow Chief Secretary Darren Jones on whether the Labour Party will explicitly rule out a rise in VAT. https://t.co/GZQqBSObVm
'How long would VAT remain as it is under a Labour government. @ranvir01 questions Shadow Chief Secretary Darren Jones on whether the Labour Party will explicitly rule out a rise in VAT. https://t.co/FNYSN40HGH
🗣️ @Jeremy_Hunt told BBC Radio 4’s Today programme: “We believe [Labour] will have to increase taxes because they have £38bn of spending in the next Parliament that they have committed to” Live updates throughout today can be found here👇 https://t.co/ovAtCUMOV5 https://t.co/Od3wWQJvNp
Jeremy Hunt says the Tories won’t increase income tax, national insurance or VAT
Rachel Reeves carved a name for herself by challenging the sharper end of business between 2017 and 2020 But she also tried to outflank Corbyn from the left - including on taxation - leading some to question: who is the real Reeves? W/@PickardJE @_MODwyer https://t.co/RqoqmSTiA2
Darren Jones says he can give a 'cast-iron guarantee' that Labour will not raise income tax, national insurance, VAT and thresholds on those taxes won't change
Labour will not raise income tax, national insurance, VAT and thresholds on those taxes, shadow cabinet minister Darren Jones says
Tories: "Labour won't rule out putting up VAT" Labour: "We rule out putting up VAT" Tories: "Yeah, but you didn't rule it out before" Not sure this line of attack is going to fly.
Conservative and Labour finance policy chiefs have ruled out VAT hikes if either party wins the General Election on Thursday July 4 ✍️: @wil_dur https://t.co/WudgC3IIKS
Labour and Conservatives rule out raising VAT after General Election https://t.co/EGm6QMRLJZ
The Conservatives, Labour and Lib Dems have all ruled out increasing VAT - as the economy takes centre stage in the General Election campaign. Chancellor Jeremy Hunt spoke to #BBCBreakfast https://t.co/WmYAdlZbg7 https://t.co/Od1oszKALP
Labour and Tories rule out VAT hike https://t.co/E64KJabdEP
On @TimesRadio Darren Jones declines repeatedly to rule out unfreezing the tax thresholds if Labour wins
UK election latest: Labour and Conservatives rule out VAT increase https://t.co/wJ43k6Uqwa
Jeremy Hunt accuses Labour of plotting a VAT raid. but that's exactly what the Tories did in 2010. George Osborne: "From the 4th of January... the main rate of VAT will rise from 17.5% to 20% https://t.co/BgU9AI5EIL
"Whichever party wins, the fiscal manoeuvre is going to be incredibly constrained." The Conservatives and Labour have both ruled out increasing VAT if they win the general election - BBC Political Correspondent @HZeffman explains more on #R4Today.
Rachel Reeves categorically rules out raising VAT this morning after Tory attack — Labour coming under pressure for the first time as it struggles to deny taxes will go up — and Starmer accused of purging the left as Diane Abbott, Faiza Shaheen, Lloyd Russell-Moyle are ousted
Shadow Chancellor denies Labour would raise VAT as parties trade blows on tax ahead of the election https://t.co/HJIMs3DATS https://t.co/2N8qQOLYAB
🔴 Jeremy Hunt accuses Labour of plotting VAT raid https://t.co/mu4SEQ4YiX
A new tax row is kicking off tonight Tories launch an attack on Labour, claiming they have a secret plan to raise VAT. Hunt to push claim tomorrow Rachel Reeves counters, ruling out: “Labour will not be increasing income tax, national insurance or VAT” https://t.co/4N0lDKpPmh
🔥Chancellor claims Labour will raise VAT 🔥Rachel Reeves hits back saying claims are "absolute nonsense". Adds Tories have £71 billion of unfunded pledges 🔥'Piggy bank' attack advert from Tories telling Brits to get saving for Labour govt https://t.co/1YYiPN8PBv
Another pledge from Labour tonight on tax... after Conservative attacks on VAT, shadow chancellor says the party will not increase VAT in the next parliament (in addition to income tax and national insurance) https://t.co/Uk9C4x93mH
Labour determined not to let Tories set hare running that it can’t be trusted on tax/econ. At weekend, Reeves explicitly ruled NI or income tax rises in next parliament. Tonight - see Tory attack from Hunt in Tel below - Lab adds VAT to that pledge: Reeves: “This is absolute… https://t.co/aeSLMwdH8O
Rachel Reeves so-called 'securonomics' — making economic strength the priority — has reassured the markets ahead of the UK election, but Labour will need more ambitious ideas to address the country’s challenges. https://t.co/rLwvfWZ8EG
Here’s my pushing on tax with Labour’s shadow chief secretary. Again Darren Jones doesn’t rule out tax rises beyond three big named taxes - and sidesteps the question https://t.co/w0lvylrjx6
Rachel Reeves’s new mantra – ‘stability is change’ – is Orwellian and economically illiterate. It shows that Labour wants to stick to the failed status quo. It has already given up on growth, says Phil Mullan https://t.co/tgVDd0RyJ5
Labour and tax: I've run tax policy for 2 elections and "no additional tax rises needed" is classic wording that does not rule anything out. It's what you say when you're keeping your options open. All they've ruled out is income tax, NICs and Corporation tax. Rest is wide open.
Shadow Chancellor Rachel Reeves says she won't commit to tax cuts as she warns against 'dangerous and reckless' Tory pledges https://t.co/G83Y25ETa5 https://t.co/MKtwoIFIqA
Important piece by @PickardJE on Labour’s tax plans and why @RachelReevesMP is leaving the door open for possible post-election tax rises, beyond the modest ones she has set out. Has an incoming chancellor ever *not* raised taxes in a post-election Budget? https://t.co/34YEu9smUO
What is Labour’s plan for growth? 👇 Rachel Reeves says she wants to have the most pro-growth treasury in UK history. Is she the new Liz Truss? Louise Haigh: We have a very distinct and different plan for growth than Liz Truss, which obviously didn't grow the economy. It…
Who is @RachelReevesMP? She wants to be Britain's next chancellor and has promised the "most pro-growth Treasury in our country's history" if Labour win the election. @SamCoatesSky joins @SophyRidgeSky to discuss her plans for the country. 🎧https://t.co/IJafU5jPf9
Rachel Reeves has said that Labour is the "natural party of business". Political editor @CatNeilan explains why Reeves’ dogged pursuit of the business community is perhaps the neatest encapsulation of Labour’s long-term election strategy. https://t.co/pm0eH9KEPC https://t.co/DlwnHI41Zp
Exclusive: Labour moves to reassure the City it’s not planning a new tax raid on banks — Rachel Reeves isn’t looking at a windfall tax, increasing the bank surcharge or a financial transaction tax, sources say Story with @PhilAldrick @GriffithsKath_ >>> https://t.co/QmlozoI96f
'Is Rachel Reeves the new Liz Truss?' - @SophyRidgeSky 'We have a very distinct and different plan for growth than Liz Truss...we grow the economy from the bottom up and the middle out' - @LouHaigh #PoliticsHub https://t.co/GlTNastFii 📺 Sky 501, Virgin 602 and YouTube https://t.co/HkIsejSRMD
I am just back from interviewing Rachel Reeves for GB News. It is extraordinary how Labour is so cautious on its plans and the Tories are not. Labour says there will be no increases in income tax, NICs or corporation tax, nor any wealth taxes. Meanwhile Conservatives spray around…
What does Rachel Reeves do with tax if Labour inherits a black hole? Film by @TomLarkinSky https://t.co/hq3aRDlGUi
‘The party that’s trying to change things is the Tory party?’ ‘Stability is change!’ Shadow Chancellor Rachel Reeves disputes accusations that Labour is taking a ‘safety first’ approach. 📺 Freeview 236, Sky 512, Virgin 604 🔒 Become a GB News Member: https://t.co/mNsRsGC8ef https://t.co/9Q4tI5fXBK
"Keep your eye on VAT" Sky's Deputy Political Editor @SamCoatesSky responds to Rachel Reeves refusing to rule out tax rises. Read more: https://t.co/QBlkJTdRLO 📺 Sky 501, Virgin 602, Freeview 233 and YouTube https://t.co/wMj0gX61kj
"I'm not going to write a budget here." Shadow chancellor @RachelReevesMP is pressed by @SamCoatesSky on whether she would raise taxes if there was a black hole in public finances on entering government. https://t.co/YIcOPmZkC3 📺 Sky 501, Virgin 602, Freeview 233 and YouTube https://t.co/DZqRRrQt0q
"The Conservatives are desperately adding more baubles to a Christmas tree." Shadow chancellor @RachelReevesMP is asked by @SamCoatesSky about Tory plans for pensioners, and says their "sums just don't add up". https://t.co/Ga453TASfM 📺 Sky 501, Virgin 602, Freeview 233 https://t.co/mzYNsNPAVG
"Rishi Sunak has learned nothing from Liz Truss." Shadow Chancellor Rachel Reeves tells @heliaebrahimi Sunak is singing from Truss' "songbook" in making "unfunded commitments" - after his promise to raise the tax-free pension allowance. https://t.co/joFX1E79Zx
There will be 'no additional tax rises' under a Labour Government, @RachelReevesMP tells @ITVJoel - but she refuses to say which public services would be cut https://t.co/eAZGJa46vN
"We're not investing enough in Britain." Shadow chancellor Rachel Reeves says the Labour government would have the most "pro-growth treasury" this country has ever seen. https://t.co/eSiwC8YG7C 📺 Sky 501, Virgin 602, Freeview 233 and YouTube https://t.co/KXjNiD22yk
Labour 'natural party of business' - as Reeves defends big pay packets for 'people at the top' Read more🔗 https://t.co/fejEZmdN33
Shadow Chancellor Rachel Reeves delivers a speech in Derby, setting out Labour's plans to grow the economy https://t.co/XgXzOBcyIG https://t.co/OkrcaVO4Tt
Rachel Reeves has insisted Labour is the 'natural party of British business', as Rishi Sunak set out the Tories' new pension tax pledge as they continue to battle it out on the election campaign trail https://t.co/imq5LwbImP
Rachel Reeves says a Labour government would prioritize economic stability, workers’ rights and business interests, as she sought to forge a dividing line with the Conservative Party’s “reckless” tax cuts https://t.co/ZDwMGVfusw
‘There is a degree of frustration in think from Rachel Reeves, she is sticking to her fiscal rules.’ GB News Political Editor, @christopherhope, discusses Labour's response to Sunak's plan to protect pensions from tax. https://t.co/zXciWYuqv5
Are we looking at Britain’s first female Chancellor ? A cautious Rachel Reeves today refusing to commit to any tax cuts but apparently ruling out a summer budget if they win #GE24 #Labour https://t.co/lK9yyr96eD
Labour says it won't announce any more tax rises https://t.co/puQR9Xz85l
Reeves appears to rule out emergency budget if Labour wins general election – UK politics live https://t.co/pKuX01V571
Key points from Rachel Reeves this morning: - No more tax rises in the manifesto, beyond those already announced - No emergency budget - Corporation tax to be capped at current level - Labour to lead most 'pro-growth, pro-business' Treasury in history https://t.co/6nqC9KpXXR
'She ensured that she looks like somebody who is very different to the Jeremy Corbyn Labour Party from 2019 - that was the goal.' @SamCoatesSky reacts to a speech by shadow chancellor @RachelReevesMP. Politics live: https://t.co/xItZsH7tea 📺 Sky 501, Virgin 602 and YouTube https://t.co/PS6VgEOTdL
"The answer for Labour is growth, and that is what they're pinning everything on." Sky's @TamCohen gives her analysis of a speech by shadow chancellor @RachelReevesMP ahead of the general election. Live: https://t.co/xItZsH7tea 📺 Sky 501, Virgin 602, Freeview 233 and YouTube https://t.co/YRXszuxff2
Labour have repeatedly emphasised hard choices - but can it really be the case that there are no additional tax measures planned at all? One to bookmark. https://t.co/qt5yRJ4iZ3
"I want taxes to be lower, but I'm not going to make any commitment where I can't say where the money's going to come from" Shadow chancellor Rachel Reeves tells BBC economics editor @faisalislam, Conservative Party "numbers don't stack up" Follow live: https://t.co/O0erYpfDae https://t.co/y0gjWtjo3n
NEW - Rachel Reeves says there are NO further tax measures planned by Labour apart from what Labour has already set out to fund the pledges that have been made. She also rules out a summer Budget, saying she will only do one after OBR - and that takes 10 weeks
Rachel Reeves says she would like Brits to pay less NICs and income tax - but wont commit to cutting them
Shadow chancellor @RachelReevesMP pledges "stability, investment" and "reform" if Labour win the general election in July. Live: https://t.co/xItZsH7tea 📺 Sky 501, Virgin 602, Freeview 233 and YouTube https://t.co/FFOxQrq4cj
🚨 NEW: Rachel Reeves said "Rishi Sunak is singing from the same songbook as Liz Truss" [@ITVNews]
Rachel Reeves to my colleague @ITVJoel on whether she will unfreeze income tax thresholds - which has represented a massive (stealth) tax rise over years: Labour wants to cut tax but will not announce anything without funding. So no commitment to raise thresholds
Rachel Reeves denounces the new Conservative ‘triple lock plus’ for pensioners as a ‘gimmick’ She says she wants taxes to come down but cant announce that unless she knows where the money is coming from https://t.co/tBN7Z0UAMz
Once again Rachel Reeves refuses to say she would unfreeze income tax thresholds. This is despite her hammering the Govt for “25 Tory tax rises”, which include the threshold freezes. But she says she “wants taxes to be lower” when possible.
Rachel Reeves tells audience at Rolls Royce training centre in Derby that support from biz leaders “shows how far we’ve come” and that Labour has returned to the “centre ground”. Every commitment will be “fully costed, no ifs, no buts”. #election2024 https://t.co/cU8PhccR3K
'If Sunak doesn't believe his plan is working, why should you?' Shadow chancellor Rachel Reeves has made a pitch to be the next chancellor in her first major speech of the election campaign. Follow live: https://t.co/FFvb6PeO7j 📺 Sky 501 https://t.co/VS3xLUvEQz
'This changed Labour Party is the natural party of British business.' Shadow chancellor @RachelReevesMP says voters must choose between "five more years of chaos" with the Tories or "stability with a changed Labour Party". Live: https://t.co/xItZsH7tea 📺 Sky 501 and YouTube https://t.co/Dqj8DAlcuY
Rachel Reeves says she doesn't think the private sector is a 'dirty word' or a 'necessary evil' 'Economic growth comes from the success of business. Indeed there is no other way 'There is no policy I can announce that cannot be improved through engagement with business. I want…
Rachel Reeves speech used to attack Tories - says Labour now 'natural party of business' - choice at election '5 more years of chaos with Cons, or stability with a changed Labour' - attacks Tories on high taxes, debt, mortgages, flat wages - pensioner tax cut 'desperate'
Rachel Reeves's economy speech sticks to Labour's central attack line - that the Tories should be judged over their record over the past 14 years 'Wages flat, public services on their knees, taxpayers being asked to pay more and more but getting less in return 'Five prime…
Rachel Reeves giving her first major speech of the election campaign - on the economy - in front of jet engines on one side and business leaders on the next Make of that what you will https://t.co/rdI3xx33SN
First major speech of the campaign for the shadow Chancellor Rachel Reeves at the Rolls Royce factory in Derby… https://t.co/r2ZvKK9zTz
RACHEL REEVES: I will bring growth back to Britain. https://t.co/YoJme7xMcK