The Telegraph has uncovered a memo allegedly indicating Deputy Prime Minister Angela Rayner's proposal for a billion-pound tax raid aimed at higher earners. This has spurred criticism from within the Labour Party, with some MPs arguing that such measures unfairly target lower-income individuals. Shadow Transport Secretary Andy McDonald suggests that increasing taxes on the wealthy could improve tax fairness and support public services. However, critics like Priti Patel contend that Rayner's proposals would harm hard-working savers and reflect outdated fiscal strategies within the Party.
Angela Rayner is addicted to spending your money and wants to come after your savings. Her secret memo is a plan for another Labour tax raid, punishing those who have worked hard and saved responsibly.
Proposals to increase tax revenue from the wealthy would make tax fairer and support public services. Ideas outlined such as increasing tax rates on dividend income so they're in line with income tax would target a small number of wealthy people and bring in vital tax revenue.
The leadership's fiscal strategy is a stale version of Treasury orthodoxy. Attacks on poor communities, pensioners and working people should never be a part of Labour's armoury.
This confirms that we are still living with the Labour Party of Jeremy Corbyn. At the very highest level, Labour ministers are debating which taxes to increase next.
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