Keir Starmer vows to target dividends in tax raid on middle classes
Keir Starmer vows to target dividends and stocks in tax raid on middle classes
- Starmer tells BBC Radio 4 he wants to raise taxes in a ‘fair’ way than the PM
- NHS National Insurance rose 1.25 percent last month. raised £12 billion for
- It comes as Labor’s Leveling Up spokeswoman Lisa Nandy warned Sir Keir to focus on cost of living issues rather than rows at the partygate.
Sir Keir Starmer vowed yesterday to raise taxes on shares and dividends if he wins the next election – in a raid on the middle classes.
The Labor leader said he wanted to raise the tax in a “fair way” than Boris Johnson, describing the prime minister’s national insurance hike as a “wrong tax at the wrong time”.
But asked on BBC Radio 4’s Today program if he would eliminate Uday if he became prime minister, Sir Keir would not say whether he would.
He pledged to bring in appropriate growth such as targeting only ‘stocks and shares and dividends’, though he said it was too early to bring forth the details.
Labor leader Sir Keir Starmer vowed yesterday to raise taxes on stocks and dividends if he wins the next election – in a raid on the middle classes, and instead raise taxes ‘fairly’
Last month, national insurance rose 1.25 percentage points to raise £12 billion a year for NHS and social care spending.
Sir Keir said: ‘We will have a fair tax system across the board that will look at how people work, not just people who work, not just businessmen who pay national insurance.
‘Stocks and shares and dividends, we will look across pieces in a fair tax system to raise the necessary funds.’
Asked how he would raise the cash, he said: “We will do it in a proper way. We will do justice to the working people.
‘We will proceed aggressively after loss of money due to fraud, loss of money due to bad contracts.’
And when asked whether it would end the insurance hike if Labor wins the next election, Sir Keir said: ‘We won’t put it at all at this time, it’s the wrong tax at the wrong time.
‘What we will do when we go to the election is that we will determine all our proposals regarding expenditure and cost.’
The Labor leader said he wanted to raise taxes in a better way than Boris Johnson (pictured), calling the prime minister’s national insurance hike a ‘wrong tax at the wrong time’. But asked on BBC Radio 4’s Today program if he would eliminate Uday if he became prime minister, Sir Keir would not say if he would.
He continued: ‘Overall, the cost of this government is that the condition of the families will be £2,000 worse and for so many families the government has no answer.
‘There’s a reason other G7 countries aren’t raising taxes in the midst of a cost of life crisis and it’s because they know it’s self-defeating.’
It comes after it emerged last week that Labour’s Level Up spokeswoman Lisa Nandy had warned Sir Keir to focus on the cost of living rather than the rows at the partygate.
But yesterday he said the cost of living crisis is the ‘number one issue’ for voters.
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