- During a fiery PMQs, Keir Starmer confirmed there would be no increases to income tax, VAT, or employee National Insurance contributions.
- However, the prime minister refused to rule out the introduction of wealth taxes when pressed by Tory leader Kemi Badenoch.
- He also declined to commit to unfreezing income tax thresholds, despite the chancellor Rachel Reeves' previous pledge to end the freeze after 2028.
- The government faces increased financial pressure following recent U-turns on disability benefits and winter fuel payments, creating a significant funding gap.
- The Conservative Party criticised the prime minister's stance, suggesting it indicates potential future tax rises including wealth taxes and an extended freeze on tax thresholds.
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