Starmer refuses to rule out wealth tax in Commons

ODN

Sir Keir Starmer declines to rule out a wealth tax after Kemi Badenoch accuses him of “flirting” with the idea. The prime minister avoids a direct answer, instead defending Labour’s economic record and criticising past Tory policies. Badenoch warns such a tax would hit savings, pensions and homes, calling it a “tax on aspiration”. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

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00:00Mr. Speaker, what is more worrying is that now he's flirting with Neil Kinnock's demand for a wealth tax.

00:06Let's be honest about what that means.

00:09This is a tax on all of our constituent savings, on their houses, on their pensions.

00:14It would be a tax on aspiration.

00:17Will the Prime Minister rule this out?

00:21Mr. Fitcher says we shouldn't be asking them for advice on the economy.

00:25She's absolutely right about that.

00:27We will not be asking for their advice.

00:29What we did in the budget was stabilise the economy through the measures taken by the Chancellor.

00:35And what has that led to?

00:36Four interest rate cuts.

00:38For mortgage holders, that's hugely important.

00:41Compare and contrast what happened to the List Trust mini-budget.

00:44The fastest growth in the G7 in the first quarter of this year.

00:50Wages up more in the first 10 months of a Labour government than the 10 years under the Tories.

00:55So no, we don't need lessons from them.

00:57However, we are going to engage with people who are constantly taking over this year.

01:03If you had to reduce taxpayness online, you had to pick up a minor piece of attention.

01:06We can do it correctly for all of us who are taking off the list.

01:08Amen.

01:09Let's try that at the same time.

01:10We don't know when it is currently at the end of the year.

01:12We can thank the last hour and we will believe it.

01:13Man, I expect that we need to sell.

01:14But for me who has to return, it is worth it right?

01:15This is the way you are learningMon limo.

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