UKs Starmer mentions wealth creation priority in election pitch to voters | Business and economic news

The Labor leader rules out income tax increases on national insurance or value-added tax.

British opposition leader Keir Starmer pledged to make wealth creation a top priority for his government in his pre-election speech to voters.

Ahead of Labour's election manifesto on Thursday, Prime Minister Starmer said he would prioritize economic growth and not increase taxes.

We will not raise taxes on working people. This means no tax increases on income tax, national insurance or value-added tax. [value-added tax]Starmer spoke at a leaders' debate hosted by Sky News on Wednesday.

Tomorrow's manifesto will be a manifesto and plan for wealth creation, Starmer added. Now you may not often hear a Labor leader say that, but to me it is the most important thing.

Starmer, a human rights lawyer and former prosecutor, is widely expected to win next month's election after 14 years of Conservative rule.

Opinion polls have shown centre-left Labor ahead of the Conservatives by around 20 points for several months.

Nevertheless, Starmer, 61, has tried to convince voters that Labor will govern with a pro-business and pro-growth agenda after Jeremy Corbyn, the party's most left-wing leader in decades, delivered its worst performance since 1935. came. election.

Not only has Labor pledged not to increase personal tax, it has ruled out raising corporation tax and has said it is not calling for a rise in capital gains tax, although it has not promised to keep rates flat.

I want to do things differently. I want to grow our economy. I accept that previous Labor leaders have pulled the tax lever to increase spending each time, Starmer said.

The UK has been one of the worst performing major economies in recent years.

Vietnam fell into recession in the last three months of 2023, with gross domestic product (GDP) contracting by 0.3%, following a 0.1% contraction in the previous quarter.

The Organization for Economic Co-operation and Development (OECD) forecasts Britain's growth rate this year to be 0.4%, slower than other G7 economies except Germany.

Sources 1/ https://Google.com/ 2/ https://www.aljazeera.com/economy/2024/6/13/chk-uks-starmer-says-wealth-creation-top-priority-in-pitch-to-voters The mention sources can contact us to remove/changing this article

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