Latest news with #ElectoralDysfunction
Sky News
2 days ago
- Politics
- Sky News
Is Corbyn's comeback a headache for Starmer - or a red herring?
👉 Click here to listen to Electoral Dysfunction on your podcast app 👈 Jeremy Corbyn is back - with Zarah Sultana and a new party. But is it a real threat to Labour, or just political theatre? This week Beth, Ruth and Harriet answer your questions on whether Corbyn's comeback could fracture the left and hand seats to the Tories and Reform. What does it mean for Starmer? Could the Green Party seize the moment? And is this a political headache - or just a red herring? Plus - your questions on rebuilding the Tory party, Scottish Labour and the elections north of the border next year, and we shout out the podcasts we can't stop listening to.
Powys County Times
01-08-2025
- Business
- Powys County Times
Treasury has ‘got the balance right' on taxing wealthy, says Reeves
The Treasury has 'got the balance right' on tax, Rachel Reeves said, as she faced questions about Labour calls to weigh up a wealth tax. The Chancellor said tax decisions would be announced at a future budget 'in the appropriate way', after former minister Anneliese Dodds said it was 'important' for the Government to consider evidence set out by the Wealth Tax Commission. Ms Dodds, who resigned as a Foreign Office minister in February over the Government's decision to cut overseas aid to fund a defence spending boost, said the commission's work 'has changed the debate'. Ms Reeves told the PA news agency: 'In the budget last year, we got rid of the non-domicile status in our tax system, so people who make Britain their home have to pay their taxes here. 'We introduced increased taxes on private jets, on second homes, and increased capital gains tax, so I think we've got the balance right in terms of how we tax those with the broadest shoulders, but any further decisions will be ones that are made at a budget in the normal way.' Asked about Ms Dodds' suggestion, the Chancellor had earlier said: 'Decisions around tax are decisions that are made at a budget and we'll make those decisions in the appropriate way, but the number-one priority of this Government is to grow the economy. 'And that means bringing more investment into Britain, creating more good jobs paying decent wages here in Britain. 'We've got to get the balance right on taxation because we want that investment, we want those jobs to come here. 'That's why we're reforming the planning system, secured three trade deals in the first year of this Labour Government, cutting back on unnecessary regulation, and reforming our pension system to unlock money for businesses to be able to invest here in the UK.' Speaking to Sky News' Electoral Dysfunction, Ms Dodds said this week that the Wealth Tax Commission 'looked at the operation of lots of different wealth tax, they looked at all of that evidence and set out how it would be possible to deliver something like that in a UK context'. The Oxford East MP added: 'I would hope that the Treasury is considering that kind of evidence as well as other changes that have been put forward. 'We've seen the deputy leader of the Labour Party, for example, put forward suggestions. I think it's important for all of those to be considered now.' On Ms Reeves' approach to welfare, Ms Dodds called for a 'longer-term approach' and said: 'An attempt was made to deal with a quite immediate problem, but I don't think you can, particularly via cuts, actually deliver the kind of fiscal room that is necessary.'
Yahoo
01-08-2025
- Business
- Yahoo
Wealth tax should be considered by Treasury, former Labour minister suggests
A former Labour minister has suggested a wealth tax should be considered by the Treasury, as she argued the Government must face up to the fact that a longer-term approach is needed. Anneliese Dodds has argued it is 'important' for the Government to consider evidence set out by the Wealth Tax Commission, which looked at whether such a tax would be desirable and deliverable in the UK. In its final report, released in 2020, the Commission said a one-off wealth tax on millionaire couples paid at 1% a year for five years would raise £260 billion. Others in the Labour Party, including former leader Lord Neil Kinnock and Wales's First Minister Baroness Eluned Morgan, have also called for a wealth tax. Union leaders, including Sharon Graham of Unite, are also pressuring ministers to consider the move. A tax on the wealthy has not been formally ruled out by ministers, but Business Secretary Jonathan Reynolds branded the idea as 'daft' in June this year. Ms Dodds resigned as a Foreign Office minister over the Government's decision to cut overseas aid to fund a boost to defence spending in February. Speaking to Sky News' Electoral Dysfunction, she said work undertaken by the Wealth Tax Commission 'has changed the debate'. The MP for Oxford East added: 'They looked at the operation of lots of different wealth tax. They looked at all of that evidence and set out how it would be possible to deliver something like that in a UK context. 'I would hope that the Treasury is considering that kind of evidence as well as other changes that have been put forward. 'We've seen the deputy leader of the Labour Party, for example, put forward suggestions. I think it's important for all of those to be considered now.' On Rachel Reeves' approach to welfare, Ms Dodds said: 'An attempt was made to deal with a quite immediate problem, but I don't think you can, particularly via cuts, actually deliver the kind of fiscal room that is necessary.' 'It may make sense tactically, but strategically a longer-term approach is needed and that's the the big issue that the Government has to face up to,' she added. Sign in to access your portfolio
Glasgow Times
01-08-2025
- Business
- Glasgow Times
Treasury has ‘got the balance right' on taxing wealthy, says Reeves
The Chancellor said tax decisions would be announced at a future budget 'in the appropriate way', after former minister Anneliese Dodds said it was 'important' for the Government to consider evidence set out by the Wealth Tax Commission. Ms Dodds, who resigned as a Foreign Office minister in February over the Government's decision to cut overseas aid to fund a defence spending boost, said the commission's work 'has changed the debate'. Ms Reeves told the PA news agency: 'In the budget last year, we got rid of the non-domicile status in our tax system, so people who make Britain their home have to pay their taxes here. 'We introduced increased taxes on private jets, on second homes, and increased capital gains tax, so I think we've got the balance right in terms of how we tax those with the broadest shoulders, but any further decisions will be ones that are made at a budget in the normal way.' Asked about Ms Dodds' suggestion, the Chancellor had earlier said: 'Decisions around tax are decisions that are made at a budget and we'll make those decisions in the appropriate way, but the number-one priority of this Government is to grow the economy. 'And that means bringing more investment into Britain, creating more good jobs paying decent wages here in Britain. 'We've got to get the balance right on taxation because we want that investment, we want those jobs to come here. 'That's why we're reforming the planning system, secured three trade deals in the first year of this Labour Government, cutting back on unnecessary regulation, and reforming our pension system to unlock money for businesses to be able to invest here in the UK.' Speaking to Sky News' Electoral Dysfunction, Ms Dodds said this week that the Wealth Tax Commission 'looked at the operation of lots of different wealth tax, they looked at all of that evidence and set out how it would be possible to deliver something like that in a UK context'. The Oxford East MP added: 'I would hope that the Treasury is considering that kind of evidence as well as other changes that have been put forward. 'We've seen the deputy leader of the Labour Party, for example, put forward suggestions. I think it's important for all of those to be considered now.' On Ms Reeves' approach to welfare, Ms Dodds called for a 'longer-term approach' and said: 'An attempt was made to deal with a quite immediate problem, but I don't think you can, particularly via cuts, actually deliver the kind of fiscal room that is necessary.'
Leader Live
01-08-2025
- Business
- Leader Live
Treasury has ‘got the balance right' on taxing wealthy, says Reeves
The Chancellor said tax decisions would be announced at a future budget 'in the appropriate way', after former minister Anneliese Dodds said it was 'important' for the Government to consider evidence set out by the Wealth Tax Commission. Ms Dodds, who resigned as a Foreign Office minister in February over the Government's decision to cut overseas aid to fund a defence spending boost, said the commission's work 'has changed the debate'. Ms Reeves told the PA news agency: 'In the budget last year, we got rid of the non-domicile status in our tax system, so people who make Britain their home have to pay their taxes here. 'We introduced increased taxes on private jets, on second homes, and increased capital gains tax, so I think we've got the balance right in terms of how we tax those with the broadest shoulders, but any further decisions will be ones that are made at a budget in the normal way.' Asked about Ms Dodds' suggestion, the Chancellor had earlier said: 'Decisions around tax are decisions that are made at a budget and we'll make those decisions in the appropriate way, but the number-one priority of this Government is to grow the economy. 'And that means bringing more investment into Britain, creating more good jobs paying decent wages here in Britain. 'We've got to get the balance right on taxation because we want that investment, we want those jobs to come here. 'That's why we're reforming the planning system, secured three trade deals in the first year of this Labour Government, cutting back on unnecessary regulation, and reforming our pension system to unlock money for businesses to be able to invest here in the UK.' Speaking to Sky News' Electoral Dysfunction, Ms Dodds said this week that the Wealth Tax Commission 'looked at the operation of lots of different wealth tax, they looked at all of that evidence and set out how it would be possible to deliver something like that in a UK context'. The Oxford East MP added: 'I would hope that the Treasury is considering that kind of evidence as well as other changes that have been put forward. 'We've seen the deputy leader of the Labour Party, for example, put forward suggestions. I think it's important for all of those to be considered now.' On Ms Reeves' approach to welfare, Ms Dodds called for a 'longer-term approach' and said: 'An attempt was made to deal with a quite immediate problem, but I don't think you can, particularly via cuts, actually deliver the kind of fiscal room that is necessary.'
