Sir Keir Starmer faced multiple inquiries regarding the potential increase of Value Added Tax (VAT) in the upcoming Budget. During an interview with the BBC’s Laura Kuenssberg, the Prime Minister was asked at least five times whether he would rule out raising VAT. This questioning comes as Chancellor Rachel Reeves is anticipated to need to either increase taxes or reduce spending in November to align with her own regulations on government borrowing.
Ahead of Labour’s party conference in Liverpool, the Prime Minister stated that “the manifesto stands,” suggesting that existing commitments would guide the party’s decisions. He indicated that further details would be disclosed in the forthcoming Budget. The discussions surrounding VAT and fiscal policy reflect ongoing concerns regarding economic management and budgetary constraints.
Source: https://www.bbc.com/news/videos/c5y86zxvmmpo?at_medium=RSS&at_campaign=rss