Tories challenge chancellor to rule out tax rises in budget – UK politics live
Summary
The UK Conservative Party is pressing the new chancellor to confirm there will be no tax increases in the upcoming budget. They are concerned that fears of tax rises are causing businesses and wealthy taxpayers to leave the country. Meanwhile, a Labour trade union leader was appointed to the Bank of England's board, which some Conservatives criticized, but this has been a long-standing practice under different governments.Key Facts
- Andrew Griffith, the Conservative shadow chancellor, is urging Chancellor John Healey to rule out tax hikes in the budget.
- Griffith says fear of higher taxes is making big taxpayers and small businesses leave or hesitate to invest in the UK.
- Griffith appointed two advisers to create a report on cutting government rules that affect businesses.
- Kemi Badenoch, a Conservative politician, criticized the appointment of Paul Nowak, a Labour trade union leader, to the Bank of England’s court of directors.
- Paul Nowak replaces Frances O’Grady, who was also a trade union leader appointed by a previous Conservative government.
- The Bank of England’s court of directors oversees the bank’s administration but does not set interest rates.
- The tradition of having trade union representatives on the Bank of England’s court has existed for decades across different governments.
- Some government officials called Badenoch’s attack on Nowak’s appointment “an embarrassment.”
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