Labour leader Sir Keir Starmer and shadow chancellor Rachel Reeves have issued a stark warning over the government's tax policies, accusing the Chancellor of failing to address the needs of working families.
Speaking ahead of the upcoming Budget announcement, Starmer claimed that the Conservative government has "lost control" of the economy, leaving households to bear the brunt of rising costs. "This government's approach to taxation is unsustainable and unfair," he stated.
Rachel Reeves echoed these concerns, highlighting what she described as "a growing gap" between government rhetoric and economic reality. "The Chancellor's plans risk pushing more families into financial hardship," the shadow chancellor warned.
Budget Under Scrutiny
With the Autumn Budget looming, political tensions are rising as Labour positions itself as the party of fiscal responsibility. Reeves emphasised Labour's alternative approach, promising "fairer taxes and better public services" if elected.
The criticism comes amid reports that the Treasury is considering further tax cuts, despite concerns about public finances. Starmer accused the government of "short-term thinking" that could destabilise the economy in the long run.
Economic Credentials in Focus
This latest exchange marks an escalation in the battle over economic policy, with both parties seeking to establish their credentials ahead of the next general election. The Labour leadership has made clear they intend to make taxation and economic management key battlegrounds in the coming months.
Political analysts suggest this intervention represents Labour's attempt to seize the initiative on economic issues, traditionally seen as Conservative strong ground. With inflation still above target and growth sluggish, the debate over taxation looks set to dominate Westminster discourse in the weeks ahead.
