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Boris Johnson expected to crush Rishi Sunaks tax hikes

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This debate over the cost of living, however, is about to get much more serious and moody, going far beyond the push to switch to zero-rated household fuel bills.

Away from the parliamentary theatrics of Downing Street parties, a determined campaign is gathering pace to force Chancellor Rishi Sunak to roll back tax hikes he announced last year, before they are introduced this spring.

Last Thursday, Rachel Reeves, the Shadow Chancellor, traveled to Bury South, the seat of an MP who had just left the Tories to present Labour’s five-point economic plan. Her party now has a totally different mentality to that of the Jeremy Corbyn era, she said, and is now pro-business.

It’s easy to scoff given that Reeves wants to scrap corporate rates, a tax that generates around 30 billion euros a year, while giving little guidance on how it would fill this huge tax hole.

Labor’s central bank is constantly calling for ever higher government spending, often with little explanation of how that spending would be funded.

Yet when she argues, as she did in Bury, that the Tories are now the high-tax, low-growth party, Reeves struck a chord in Cabinet and among a growing number of Tory MPs.

Now is not the time to raise taxes on ordinary working people, she said last week in a statement that many ministers wish they could hear from Johnson himself.

Earlier this month, Jacob Rees-Mogg, the leader of the House of Commons, publicly stated that the April NIC is increasing and that the tax threshold freeze should be suspended, arguing that tax increases costing the average family 600 a year cannot be justified at times. rising inflation and skyrocketing energy bills.

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2/ https://www.telegraph.co.uk/business/2022/01/23/boris-johnson-should-crush-rishi-sunaks-tax-rises/

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