Labour has stated that there will be no increase in income tax or National Insurance.

Quick Summary:

The shadow chancellor told the BBC's Laura Kuenssberg she would face "difficult decisions" on spending.

Non-doms are UK residents whose permanent home for tax purposes is abroad, meaning they do not have to pay UK tax on money they earn overseas."But in the end we have to grow the economy, we have to turn around this dire economic performance," Ms Reeves added.

The SNP accused Labour of trying to "fool" voters about its spending plans.

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Article Details

Category: Business

Markets: United Kingdom

Topics: Labour Public Chancellor National Insurance Spending Plans Reeves Election Cuts

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-26 @ 11:39:04 (1 months ago)

News Timezone: GMT +0:00

News Source URL: bbc.co.uk

Language: English

Article Length: 777 words

Reading Time: 5 minutes read

Sentences: 25 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 21090139

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About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 6 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 12 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #43

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