A government minister has reopened the door Money taxA few days after the business secretary The idea was rejected as “daff”.
Asked about Money taxPolicing minister Dame Diana Johnson Said that it is “important … that all these issues are seen and discussed and we see evidence about what will work and what will not work”.
But last week, Business Secretary Jonathan Reynolds Slapping the concept, urging their colleagues to prevent calls from calling for “magic wealth tax”, which is not present and is rejecting it as “daff”.
This comes amid increasing questions on how the government will raise money to fill the black hole in public finance A series of major U-turn And spending commitments.
Ministers are already Squeezed significant savings from your departments In the cuts unveiled in the review of last month’s spending, which means that now there is a growing hope that Chancellor, Rahel reevesInstead, taxes will be forced to increase.
But LaborManifesto has pledged not to increase taxes on “working people” Chancellor With limited number of working options.
Dame Diana’s comment was after former Labor Minister and former-Shadow Chancellor Annelies dods Urged the government to consider money tax,
When asked about Ms. Dodd’s remarks, the policing minister told Sky News: “I think the Labor Party and Labor Government welcome everyone’s contribution. Finally it is down to the Chancellor to make a decision to announce in the budget at the end of this year.”
He said: “I think whatever decision the Chancellor takes will be based on our values as a labor government and we have made very clear commitments around tax.
“I think it is important that all these issues are seen and discussed and we see evidence about what will work and what will not work.”
Talking to GB News a few days ago, Mr. Reynolds said: “This labor government has increased taxes on money contrary to income – private jets, taxes on private schools, inheritance taxes, transform through capital profit tax.
“But the idea is a magic wealth, some types of levy … which does not exist anywhere in the world.
“Switzerland has a levy, but does not have capital gains or inheritance tax. There is no kind of magic … We are not going to do anything like this.
“And I tell people: ‘Be serious about this.” Thoughts can take all of you … what if your money was not in your bank account, what if it was in alcohol or art?
Between increasing calls for the government to introduce funds from labor backbenchers, Ms. Dods warned that spending alone will not “distribute the fiscal room that will not be distributed”.
Talking to Sky News Electoral laxity Podcast, Ms. Dods pointed out the work done by the Commission on money tax.
He said, “He saw a lot of different money tax operations. He saw all the evidence and determined how it would be possible to give something like this in the context of the UK”, he said.
“I hope the Treasury is considering other changes along with the evidence that has been put forward.
“We have seen the deputy leader of the labor party, for example, gave further suggestions. I think it is important for all of them to be considered now.”
It comes after a memo leaked earlier this year Angela Rener suggested eight money taxes One trick supporters described super-rich and described as “progressive alternatives” on corporations.
Ms. Dods also urged the government to take a “long-term approach” for public finance, a bouncing £ 5BN U-turn by the Prime Minister by the Prime Minister on welfare cuts by her own MPs.
Downing Street has so far failed to rule with a money tax, but the Prime Minister has earlier said that last month, on the topic of this subject in PMQS, “We cannot just do our way for development”.
Rachel Maskail, Leader of Rebel Labor MP who Forced Sir Kire to give up his welfare reforms, Called for one Money tax To meet the cost of a U-turn, suggesting that more can be increased as £ 24bn in a year capital gains tax And other measures.
