(Reuters) -British finance minister Rachel Reeves on Monday said the Labour government could not deliver its manifesto commitments on tax without taking harmful measures like deep cuts to investment
UK's Reeves Warns Tax Promises Could Lead to Major Investment Cuts
Impact of Tax Commitments on Investment
(Reuters) -British finance minister Rachel Reeves on Monday said the Labour government could not deliver its manifesto commitments on tax without taking harmful measures like deep cuts to investment spending.
Reeves' Statements on Capital Spending
"It would of course be possible to stick with the manifesto commitments, but that would require things like deep cuts in capital spending," Reeves told BBC radio.
Labour Party's Tax Promises
Ahead of its July 2024 landslide election, Prime Minister Keir Starmer's Labour Party promised in its manifesto that it would not raise taxes on working people, including income tax and social security contributions.
Election Context and Implications
(Reporting by Andy Bruce; Editing by Kate Holton)
