July 18, 2024

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Tax Doubts Look Set to Dog Keir Starmer to Election and Beyond

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Keir Starmer’s path to power at the UK general election seems unassailable with less than three weeks to go, but for investors, economists and the ordinary Britons who will elect him, the Labour Party leader has yet to settle a key question: do his tax and spending plans add up?

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(Bloomberg) — Keir Starmer’s path to power at the UK general election seems unassailable with less than three weeks to go, but for investors, economists and the ordinary Britons who will elect him, the Labour Party leader has yet to settle a key question: do his tax and spending plans add up?

Labour unveiled a manifesto this week setting out a cautious pitch based on economic growth spurred by planning liberalization, energy market reform and £8.6 billion ($10.9 billion) of well-signaled tax rises to help mend Britain’s ailing public services. 

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Bloomberg News

2024-06-15 01:42:59

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