EVEN WORSE THAN TRUSS
Daily Mirror UK|March 08, 2024
Starmer slams Hunt's aim to cut NI | £46bn cost is bigger than ex-PM's plan | Stealth tax trap snares pensioners | Spending power will drop by 0.9%
LIZZY BUCHAN
EVEN WORSE THAN TRUSS

LABOUR says Jeremy Hunt's ambition to scrap National Insurance shows the financial disaster caused by Liz Truss has taught the Tories nothing.

The mini-Budget in 2022 when she was PM triggered an economic meltdown due to a £45billion package of unfunded tax cuts.

Labour leader Keir Starmer has accused the Tories of a £46bn unfunded ambition to abolish National Insurance.

He said: "That's bigger than Liz Truss commitment, so they've learnt absolutely nothing" Darren Jones, the Shadow Chief Secretary to the Treasury, said: "Mortgage holders know only too well the consequences of pie in the sky, unfunded Tory promises on tax cuts.

"But [the] Budget reveals Rishi Sunak is in hock to the reckless voices who want to re-run the Liz Truss experiment."

The Conservatives are also going to clobber pensioners. Tax changes in the Budget mean eight million retirees face a hit to their income of £1,000 on average by 2027/28, independent think-tank the Resolution Foundation says.

This is because of frozen income tax thresholds, which drag people into higher tax brackets.

Resolution Foundation chief executive Torsten Bell said: "The biggest losers [from the Budget] are pensioners, who face an £8billion collective hit.

Esta historia es de la edición March 08, 2024 de Daily Mirror UK.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición March 08, 2024 de Daily Mirror UK.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE DAILY MIRROR UKVer todo
KELLY CATES EXCLUSIVE When Dad's at home and gets worked up about what someone says... he will text me live on air
Daily Mirror UK

KELLY CATES EXCLUSIVE When Dad's at home and gets worked up about what someone says... he will text me live on air

SIR KENNY DALGLISH becomes so riled by the opinions of pundits, he will text his presenter daughter while she's on air.

time-read
2 minutos  |
November 13, 2024
MOTD THE OLD DOO NEEDS SOME NEW TRICKS
Daily Mirror UK

MOTD THE OLD DOO NEEDS SOME NEW TRICKS

Don't just put on a sub for Lineker... TV coverage of football has moved on...the show needs a whole tactical rethink

time-read
2 minutos  |
November 13, 2024
THE SPECIAL 2.0
Daily Mirror UK

THE SPECIAL 2.0

Petit reckons Amorim can be as big a hit in Premier League as Jose and sweep United to glory

time-read
3 minutos  |
November 13, 2024
BOKS CLEVER
Daily Mirror UK

BOKS CLEVER

Reinach: Rassie's attention to detail gets us over finishing line

time-read
2 minutos  |
November 13, 2024
That's yer plot
Daily Mirror UK

That's yer plot

Channel 5 ditches The Wives, with plenty of business left unfinished

time-read
1 min  |
November 13, 2024
KEE TO SUCCESS
Daily Mirror UK

KEE TO SUCCESS

Loss-making UKA plans to cash in on fame of golden girl Hodgkinson and get its finances back on track

time-read
2 minutos  |
November 13, 2024
PM pledges to cut emissions by 81%
Daily Mirror UK

PM pledges to cut emissions by 81%

But Starmer rules out enforcing lifestyle changes

time-read
2 minutos  |
November 13, 2024
'Our friendship would enrage AI Fayed... and that's fantastic
Daily Mirror UK

'Our friendship would enrage AI Fayed... and that's fantastic

Alleged victims form bond after speaking out

time-read
2 minutos  |
November 13, 2024
Sir Chris: There's a lot of life left to live
Daily Mirror UK

Sir Chris: There's a lot of life left to live

Cancer-hit Olympian speaks of future

time-read
1 min  |
November 13, 2024
Despots make a deal
Daily Mirror UK

Despots make a deal

Putin and Kim deal ratified as Ukraine attack is predicted

time-read
1 min  |
November 13, 2024