What taxes might Labour raise?
Growth alone will not fix Britain’s public finances
To win big in general elections, the Labour Party needs to convince fretful voters that it can be trusted with the economy. Clement Attlee sold post-war nationalisations with the mien of a staid bank manager. Ahead of the party’s landslide win in 1997, New Labour pledged to copy years of restrictive Tory spending targets. Rachel Reeves, the shadow chancellor, has adopted a similar tactic ahead of Labour’s widely expected election win on July 4th.
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This article appeared in the Britain section of the print edition under the headline “Fiscal hole: needs filling”
Britain June 22nd 2024
- Britain’s Conservatives rule the Thames Estuary. Not for long
- What taxes might Labour raise?
- Child poverty will be a test of Labour’s fiscal prudence
- Climate change casts a shadow over Britain’s biggest food export
- Jeremy Corbyn wants more nice things, fewer nasty ones
- The silence of the bedpans
- Britain’s Conservatives are losing as they governed. Meekly
From the June 22nd 2024 edition
Discover stories from this section and more in the list of contents
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The evolution of Britain’s extreme right
White nationalism has become more amorphous and more online
Inside the unrest disfiguring English cities
Anger over immigration will be a recruiting opportunity for the far right
Was the Bank of England right to start lowering interest rates?
Andrew Bailey takes a calculated risk
What will Great British Energy do?
The new body’s first job is to unblock private investment
Britain’s railways go from one extreme to another
Departing: privatisation. Destination: centralisation