Reeves' Tax Move: Breaking a 50-Year Taboo
Chancellor Rachel Reeves is making headlines with her bold stance on tax reform. The Financial Times reports that she's 'opened the door' to a manifesto-breaking income tax rise, a move that would be unprecedented in over 40 years. The i Paper calls this a '50-year taboo' being broken, as the last such hike occurred in 1975. However, not everyone is on board. The Daily Mail criticizes Reeves' speech, labeling it as 'all bluster' and a 'waffle bomb'.
Within the Labour Party, there's a sense of unease. According to the Daily Telegraph, some MPs fear that raising taxes will 'scotch' their chances of re-election and damage their credibility. The Times highlights concerns from ministers that an income tax increase could result in permanent voter loss. Despite these reservations, Reeves stands firm, emphasizing the necessity of difficult choices to balance the nation's finances.
In other news, the Metro features a heroic story. Samir Zitouni, a rail worker, bravely protected passengers during a knife attack on a train in Cambridgeshire. His family praises his heroism, stating, 'he's always been a hero'.
The Daily Telegraph also reports on a political setback for Sir Keir Starmer. His deal to transfer sovereignty of the Chagos Islands to Mauritius has been delayed due to an amendment submitted by a Conservative peer. The Foreign Office acknowledges the delay, citing a lack of notice regarding the amendment and a postponed vote in the Lords.
The media frenzy continues with Sir David Beckham receiving his knighthood at Windsor Castle. The Daily Mirror playfully suggests, 'Bend a knee like Beckham', while the Daily Mail declares, 'Arise Sir Becks'. The nation celebrates his contributions to sport and charity, marking a significant moment in British history.
