Displaying items by tag: national interest
Chancellor lays the ground for a 1970s-style tax increase
Rachel Reeves has indicated she is willing to break Labour’s election pledges by raising income tax for the first time in half a century, prioritising what she called 'the national interest over political expediency.' Addressing reporters in Downing Street, Reeves warned that 'we will all have to contribute' to stabilise the economy and repair a £30 billion deficit. She is considering a 2p increase in income tax coupled with a 2p cut in national insurance, shifting the burden from workers to pensioners and landlords. The proposal, expected to raise £6 billion annually, has divided Labour MPs: some warn it risks alienating voters, while others praise Reeves for taking tough, necessary decisions. Critics from the Conservatives and Reform UK accuse her of breaking promises and 'hammering working people’. Reeves insisted she will not walk away, saying she was appointed to turn Britain’s economy around and will finish the job despite political risk.
Brexit: PM urges MPs to put national interest first
Mrs May has faced the Commons for the first time since the EU rejected her Brexit plan. We can pray for a plan to be agreed that respects the United Kingdom’s 2016 vote. There is mounting pressure from some Tory MPs to change course in the run-up to a crucial meeting of EU leaders next week. Pray for God to inspire Theresa May and her cabinet to recognise and agree on a good strategy that will ‘put God’s agenda for the national interest first’ in all talks and future votes. Mrs May recently said she had a duty to voters to ensure the UK left the EU in March in a way which protected jobs. May God help her fulfil that duty. The DUP's ten MPs could vote against the Budget if they consider any Brexit deal breaks their ‘red line trade barriers’.