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

Related Articles

Watch out when winding up

Corporate Tax Watch out when winding up

1m Emma Rawson, ATT Technical Officer
How might Brexit affect UK tax policy?

Brexit & Economy How might Brexit affect UK tax policy?

1m Santhie Goundar
Corporation tax losses – your newly flexible friends

Corporate Tax Corporation tax losses – your newly flexible friends

3m Emma Rawson, ATT Technical Officer
HMRC large business tax enquiry duration rises to 3 years

Corporate Tax HMRC large business tax enquiry duration rises to 3 years

4m Emma Smith, Managing Editor
SMEs paying higher rate of corporation tax than big businesses

Corporate Tax SMEs paying higher rate of corporation tax than big businesses

4m Alia Shoaib, Reporter
Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

Corporate Tax Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

7m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

7m Emma Rawson, ATT Technical Officer
EU divided over radical tax reforms targeting tech giants

Corporate Tax EU divided over radical tax reforms targeting tech giants

8m Alia Shoaib, Reporter