Corbyn contradicts ally to condemn Budget tax cuts for the better-off at PMQs

Mail Online | 11/1/2018 | James Tapsfield, Political Editor, For Mailonline
iloveangie02 (Posted by) Level 3
Click For Photo: https://i.dailymail.co.uk/1s/2018/10/31/12/5610910-0-image-a-22_1540989935548.jpg


Click For Video: https://videos.dailymail.co.uk/video/mol/2018/10/29/180726375809238935/1024x576_MP4_180726375809238935.mp4

Jeremy Corbyn has vowed to 'claw back' tax cut money from top earners if he wins power today.

The Labour leader's spokesman said the 5 per cent of workers with highest incomes - those on £80,000 and above - would be stripped of any benefits from the income tax threshold changes.

Declaration - Day - Chaos - Labour - Ranks

The declaration came amid a day of chaos in Labour's ranks as Mr Corbyn insisted the party would not vote for the Budget tax cuts just a day after shadow chancellor John McDonnell insisted it would.

Philip Hammond's giveaway to 32 million workers - by raising the personal allowance to £12,500 and the higher rate threshold to £50,000 - has torn Labour in two.

£9billion - Package - Income - Tax - Cuts

The £9billion package of income tax cuts was unveiled by the Chancellor on Monday.

Speaking after PMQs, Mr Corbyn's spokesman was asked directly if he will reverse the Budget measures.

'We - Sense - Taxation - Cent - Group

He said: 'We will claw back in the sense that we will raise taxation to that 5 per cent group, and exactly how that is done, we spelled out how we would do it in the last election about obviously deepening on when the next election is held that will need to be assessed at the time.

'But obviously in relation to any benefit they get form this measure, that will be clawed back and more by the measures we have set out already and however we develop them.'

'We - Terms - Income - Tax - Income

He added: 'We have said, in terms of income tax, tha the income tax increases will only affect the top 5 per cent.'

Labour is set to abstain when the plan is voted on in the Commons tomorrow as it cannot vote against moving the higher rate threshold without also voting down tax cuts for the low paid.

Taxpayers - Year - April - Allowance - Rises

Basic-rate taxpayers will gain £130 a year from next April as the personal allowance rises...
(Excerpt) Read more at: Mail Online
Wake Up To Breaking News!
Conservatives are to the GOP what oil is to water, and the GOPe spend most of their time skimming it off or setting it on fire.
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!