TaxCorporate TaxWe can halve £178bn deficit without tax hikes: Labour

We can halve £178bn deficit without tax hikes: Labour

Labour will not resort to extra tax hikes to cut £178bn national debt in half says Treasury Minister Liam Byrne

The Treasury chief secretary Liam Byrne has said Labour will not resort to
extra tax hikes to cut £178bn national debt in half, said plans to boost the
economy and cut waste will be enough.

Byrne told the Daily Politics show that £25bn would come from growth and
£57bn from cuts and national insurance rises.

Both Labour and the Tories have vowed to slash the deficit five years after
the election.

Further reading:

Parties
gear up for two-stage Budget in election year

Budget
date announced as 24 March

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