Robert Jenrick has slammed Labour's upcoming Budget (Image: Getty)
Labour's tax-hiking Budget on October 30 “is shaping up to be the biggest democratic betrayal of modern times”, according to a top Tory.
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607 Comments
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Rachel Reeves 'planning to unleash ￡130 billion tax nightmare' in first Budget
182 Comments
Labour civil war as MPs make plea to Rachel Reeves over winter fuel raid
508 Comments
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National Insurance tax raid warning as expert warns Rachel Reeves could close 'loophole'
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40 Comments
Rachel Reeves will 'breach' Labour manifesto promise with national insurance change
46 Comments
Rachel Reeves under pressure to change tax thresholds after state pension rise
64 Comments
Workers to lose ￡754 each with government u-turn on income tax promises
117 Comments
Rachel Reeves slams 'jobs tax' hike in resurfaced clip - as she now plans to do the same
157 Comments
Rachel Reeves warned by expert over 'disaster' plans to almost double one tax
80 Comments
Labour will have to hike taxes to raise ￡25 billion, warn economists
37 Comments
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718 Comments
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692 Comments
Angela Rayner among Labour ministers furious as 'biggest tax raid in history' mooted
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Pensioners hit by more pain as they are dragged into paying tax
607 Comments
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7 Comments
Tax warning as Labour plans mean you could get ‘shock' HMRC bill
177 Comments
Rachel Reeves 'planning to unleash ￡130 billion tax nightmare' in first Budget
182 Comments
Labour civil war as MPs make plea to Rachel Reeves over winter fuel raid
508 Comments
Keir Starmer squirms as BBC reporter grills him over new tax hike threat
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Chancellor Rachel Reeves is expected to announce money-raising measures far beyond anything hinted at in the Labour’s General Election manifesto.
Conservative leadership contender Robert Jenrick said: “On this trajectory, Britain will be on its knees.”
The ex-immigration minister, who is battling Shadow Communities Secretary Kemi Badenoch to become the opposition leader, said Ms Reeves and Prime Minister Sir Keir Starmer had “jeopardised our economic recovery through their doom and gloom”.
Labour’s had pledged to “ensure taxes on working people are kept as low as possible” and vowed not to increase National Insurance, Income Tax or VAT.
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But the Treasury has since stated “difficult decisions lie ahead on spending, welfare and tax”.
Writing in this newspaper, Mr Jenrick said: “For months, they have been rolling the pitch to break their vows, raise taxes and control borrowing by inventing a ￡22billion black hole in the public finances. But no serious economist will repeat their claim.
“That’s because it’s a black hole of their own
making: they’ve splashed out billions on a fantasy energy company and in above-inflation pay rises for their union paymasters.”
Possible tax hikes that could feature in the Budget include increasing capital gains tax on sales of second homes and businesses, as well as charging National Insurance on employer pension contributions.
Tax-free access to pension pots may be axed or cut back, the current fuel duty freeze could be brought to an end and inheritance tax could be expanded.
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In addition, the Chancellor could change fiscal rules to allow up to ￡60billion in additional borrowing for a variety of infrastructure improvements, stoking fears of an increase in inflation and interest rates.
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Pensioners hit by more pain as they are dragged into paying tax
607 Comments
Sir Keir Starmer National Insurance tax raid warning as worker pensions under threat
7 Comments
Tax warning as Labour plans mean you could get ‘shock' HMRC bill
177 Comments
Rachel Reeves 'planning to unleash ￡130 billion tax nightmare' in first Budget
182 Comments
Labour civil war as MPs make plea to Rachel Reeves over winter fuel raid
508 Comments
Keir Starmer squirms as BBC reporter grills him over new tax hike threat
583 Comments
Keir Starmer issued blunt warning that latest ‘￡18bn tax raid' will backfire spectacularly
91 Comments
National Insurance tax raid warning as expert warns Rachel Reeves could close 'loophole'
15 Comments
Rachel Reeves is using 'bogus' ￡40bn blackhole to hike up taxes
41 Comments
Rachel Reeves warned "jobs tax" will destroy business confidence
40 Comments
Rachel Reeves will 'breach' Labour manifesto promise with national insurance change
46 Comments
Rachel Reeves under pressure to change tax thresholds after state pension rise
64 Comments
Workers to lose ￡754 each with government u-turn on income tax promises
117 Comments
Rachel Reeves slams 'jobs tax' hike in resurfaced clip - as she now plans to do the same
157 Comments
Rachel Reeves warned by expert over 'disaster' plans to almost double one tax
80 Comments
Labour will have to hike taxes to raise ￡25 billion, warn economists
37 Comments
Rachel Reeves planning up to ￡40bn of tax rises and spending cuts in Budget
718 Comments
Warning over Rachel Reeves' National Insurance worker pension 'tax on jobs'
3 Comments
Rachel Reeves now plotting another cash grab by hiking up tax by almost 20%
692 Comments
Angela Rayner among Labour ministers furious as 'biggest tax raid in history' mooted
14 Comments
Pensioners hit by more pain as they are dragged into paying tax
607 Comments
Sir Keir Starmer National Insurance tax raid warning as worker pensions under threat
7 Comments
Tax warning as Labour plans mean you could get ‘shock' HMRC bill
177 Comments
Rachel Reeves 'planning to unleash ￡130 billion tax nightmare' in first Budget
182 Comments
Labour civil war as MPs make plea to Rachel Reeves over winter fuel raid
508 Comments
Keir Starmer squirms as BBC reporter grills him over new tax hike threat
583 Comments
Keir Starmer issued blunt warning that latest ‘￡18bn tax raid' will backfire spectacularly
91 Comments
National Insurance tax raid warning as expert warns Rachel Reeves could close 'loophole'
15 Comments
Rachel Reeves is using 'bogus' ￡40bn blackhole to hike up taxes
41 Comments
Rachel Reeves warned "jobs tax" will destroy business confidence
40 Comments
Rachel Reeves will 'breach' Labour manifesto promise with national insurance change
46 Comments
Rachel Reeves under pressure to change tax thresholds after state pension rise
64 Comments
Workers to lose ￡754 each with government u-turn on income tax promises
117 Comments
Rachel Reeves slams 'jobs tax' hike in resurfaced clip - as she now plans to do the same
157 Comments
Rachel Reeves warned by expert over 'disaster' plans to almost double one tax
80 Comments
Labour will have to hike taxes to raise ￡25 billion, warn economists
37 Comments
Rachel Reeves planning up to ￡40bn of tax rises and spending cuts in Budget
718 Comments
Warning over Rachel Reeves' National Insurance worker pension 'tax on jobs'
3 Comments
Rachel Reeves now plotting another cash grab by hiking up tax by almost 20%
692 Comments
Angela Rayner among Labour ministers furious as 'biggest tax raid in history' mooted
14 Comments
Pensioners hit by more pain as they are dragged into paying tax
607 Comments
Sir Keir Starmer National Insurance tax raid warning as worker pensions under threat
7 Comments
Tax warning as Labour plans mean you could get ‘shock' HMRC bill
177 Comments
Rachel Reeves 'planning to unleash ￡130 billion tax nightmare' in first Budget
182 Comments
Labour civil war as MPs make plea to Rachel Reeves over winter fuel raid
508 Comments
Keir Starmer squirms as BBC reporter grills him over new tax hike threat
583 Comments
Keir Starmer issued blunt warning that latest ‘￡18bn tax raid' will backfire spectacularly
91 Comments
Sir Keir said of the projects: “If working people can’t afford a decent home, they can’t build good lives and careers. When people can’t get to work because public transport is poor, productivity suffers.
“If schools are crumbling over our children’s heads, how can we expect them to learn skills they need?”