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Labour Outraged by Hunt's Tax Cuts

This is a news story, published by Guardian, that relates primarily to Jeremy Hunt news.

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Tory wreckage

Guardian

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The billions Britain needs are at Rachel Reeves’s fingertips, and no fiscal promises need be broken | Polly Toynbee

Summary

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74% Informative

Labour is genuinely outraged at the destruction the former chancellor Jeremy Hunt deliberately inflicted.

They did indeed “put party before country” by cutting tax without having the funds to pay for their promises.

The Treasury ’s audit shows her victorious battlefield strewn with landmines.

But don’t despair at this revelation of a worse-than-empty Treasury .

Wait for her autumn budget for her path to growth.

More than half of people are happy for spending increases on public services.

The country now has a stronger social democratic impulse than Labour yet dares trust.

October budget will define the nature of this government by its early spending priorities.

Only the budget will reveal the true character of the government, by how fairly it gets, and how well it spends, the country's money.

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

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not detected

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short-lived

External references

https://www.lse.ac.uk/News/Latest-news-from-LSE/2024/a-January-2024/super-rich-unlikely-to-leave-uk-for-boring-and-culturally-barren-tax-havens https://yougov.co.uk/topics/politics/trackers/will-taxes-increase-with-a-labour-government https://www.telegraph.co.uk/money/tax/labour-double-death-tax-higher-50pc https://ifs.org.uk/news/wealthiest-1-would-get-half-benefit-scrapping-inheritance-tax-average-tax-cut-ps1-million#:~:text=The%20most%20recent%20HMRC%20statistics,tax%20will%20be%20still%20larger https://docs.google.com/document/d/1ce7f6GEShQdzjtkF2mmbpBuK-JWrTT6BJsUp7k9c714/edit https://warwick.ac.uk/fac/soc/economics/research/centres/cage/manage/publications/bn40.2024.pdf https://ifs.org.uk/news/families-children-hit-hardest-tax-and-benefit-changes-2010#:~:text=Families%20with%20children%20hit%20hardest%20by%20tax%20and%20benefit%20changes%20since%202010,-Tom%20Waters&text=year%20on%20average-,Among%20the%207.6%20million%20households%20with%20children%2C%20changes%20to%20the,of%20%C2%A35%2C500%20per%20year https://www.health.org.uk/news-and-comment/news/38bn-extra-per-year-needed-to-revive-the-nhs https://www.heraldscotland.com/news/24483662.reeves-tories-left-22-billion-hole-public-finances/https://taxjustice.uk/blog/majority-back-higher-taxes-on-wealthiest-new-research/#:~:text=17%20May%2C%20London%20%E2%80%93%20A%20majority,the%20NHS%20and%20public%20services https://natcen.ac.uk/news/majority-britain-back-more-tax-more-spend https://ifs.org.uk/taxlab/taxlab-key-questions/are-preferential-tax-rates-self-employed-justified https://www.lse.ac.uk/News/Latest-news-from-LSE/2020/L-December/Wealth-Commission-report https://www.ipsos.com/en-uk/two-five-britons-want-increased-spending-public-services-even-if-it-means-they-pay-more-tax https://ifs.org.uk/articles/low-rates-capital-gains-tax-business-income-lead-large-tax-savings-do-not-boost-investment https://guardianbookshop.com/The-Only-Way-Is-Up-9781805462668?utm_source=editoriallink&utm_medium=merch&utm_campaign=article https://www.financialfairness.org.uk/docs?editionId=862be73e-fe0f-467c-8695-b19c00e0b55c

Source diversity

www.lse.ac.uk yougov.co.uk www.telegraph.co.uk ifs.org.uk docs.google.com warwick.ac.uk www.health.org.uk www.heraldscotland.com taxjustice.uk natcen.ac.uk www.ipsos.com guardianbookshop.com www.financialfairness.org.uk

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