UK’s Labour Faces Backlash Over Pledge for No Further Tax Rises
- Party’s socialist wing and economists warn services may suffer
- Mid-Bedfordshire by-election to be first test of Labour plans
This article is for subscribers only.
Britain’s opposition Labour party is facing a backlash from its left wing after ruling out wealth taxes and promising to cut business regulations as it looks to shore up its economic credentials ahead of a general election expected next year.
In an interview over the weekend, Shadow Chancellor of the Exchequer Rachel Reeves said Labour would not propose any tax increases beyond those already committed because the burden is already high enough, as she sought to neutralize traditional Conservative party claims that Labour lacks economic discipline.