Keir Starmer emphasized the importance of politicians keeping their promises when questioned about potential taxes affecting working individuals ahead of the upcoming Budget. The Prime Minister avoided ruling out the possibility of extending a freeze on income thresholds, despite previous concerns raised by Chancellor Rachel Reeves regarding its impact on workers.
As the crucial Budget approaches, Starmer evaded direct tax-related inquiries but acknowledged the challenges faced by people coping with rising living costs. During the G20 summit, the PM repeatedly sidestepped queries on the potential negative effects of extending the freeze on working individuals.
Labour had pledged not to raise taxes such as VAT, national insurance, and income tax on working people in their manifesto. However, a freeze on income tax thresholds could result in individuals moving into higher tax brackets.
When asked about the significance of keeping promises, Starmer affirmed the importance of politicians honoring their commitments, especially when faced with challenging decisions, hinting at significant choices to be made in the imminent Budget.
In a Channel 4 News interview, Starmer outlined that the upcoming Budget would reflect Labour’s values, emphasizing fairness as a core principle. He highlighted the focus on bolstering public services, particularly the NHS, reducing national debt, and tackling the escalating cost of living as key priorities for the Budget announcement in the coming days.