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Labour would scrap income tax cuts, vows Angela Rayner

Angela Rayner sparked confusion this morning by suggesting that Labour would reverse the Government’s cut to income tax, before party sources rowed back on the comment.

The Chancellor Kwasi Kwarteng claimed on Twitter that Labour would deliver a “tax hike for millions”.

In yesterday’s mini-Budget, Mr Kwarteng brought forward a 1p cut to the basic rate of income tax by one year to 2023, as well as announcing the additional rate of 45 per cent would be scrapped altogether.

Appearing on the BBC’s Today programme, Ms Rayner was asked whether Labour would reverse the income tax cut.

She replied: “Well, we’ve said that, you know, the income tax cut is the wrong priority. So, yes, we don’t think that that’s the priority.

“We will set out our tax proposals which will guarantee that those on the lowest wages their cost of living will improve, we will have sustainable growth into the future. We will invest in high-skilled jobs and renewables, so we’re self-reliant on our energy needs.

“We’ll set out our proposals towards the next election, but we’ve been very clear that those with the broadest shoulders should pay more.”

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