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.
Bu hikaye Daily Mirror UK dergisinin March 08, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Daily Mirror UK dergisinin March 08, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
FEARLESS BEN A BAZ SINGER
BEN DUCKETT says working with coach Brendon McCullum has taken his game to a new level – because Bazball has removed the fear factor.
BALDWIN IS ONE HELLUVA DRIVER
World No.363 Matt is lining up a shock win at Wentworth... but says he was more nervous in days when he drové his Amazon van!
HOUGHT TO END ON A HIGH
Danny says the good times will return at Hull as he prepares for his final match
Hire and higher
One of Britain's last film rental stores is enjoying the busiest time in its 29-year history, thanks to a surge in interest from nostalgia-seeking movie buffs.
Mum should be proud...she made me a warrior
Joshua's mother helped him steer away from a life of crime
FOOLISH IDEA TO MAKE DEL A MILLIONAIRE
Sir David: It ruined Fools and Horses
Dishonesty is not one of my Traits
Tall story, or will Richard be Celebrity Traitor?
Liar, lover, mother, diamond thief.. it's all true
GoT's Sophie on getting under the skin of an unlikely heroine
To friends...
Battle of Arnhem hero, 99, returns to salute the fallen
£5.5M AFTER BEING STABBED IN PRISON
Burglar left with fear of kitchens after killer's attack