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Starmer Emphasizes Wealth Creation as Central Policy in Voter Appeal

Starmer Emphasizes Wealth Creation as Central Policy in Voter Appeal

Labour leader Keir Starmer commits to economic growth, ruling out increases in personal taxes, VAT, and national insurance.

The UK’s opposition leader Keir Starmer has pledged to place wealth creation at the forefront of his administration's goals in a pre-election appeal to voters.

Speaking ahead of the Labour Party’s election manifesto unveiling on Thursday, Starmer emphasized his focus on economic growth and assured that there would be no tax increases.

“We will not raise tax on working people. That means no tax rises for income tax, for national insurance, for VAT [value-added tax],” Starmer stated on Wednesday during a leaders’ debate hosted by Sky News.

“The manifesto tomorrow will be a blueprint for wealth creation,” Starmer continued. “You might not often hear a Labour leader say that, but for me, it is paramount.”

Keir Starmer, who transitioned from being a human rights lawyer to a prosecutor, is currently the anticipated favourite for next month’s election, following 14 years of Conservative Party governance.

For several months, opinion polls have depicted the centre-left Labour ahead of the Conservatives by roughly 20 points.

Despite his comfortable lead, Starmer, 61, has sought to convey to voters that Labour will endorse a pro-business, growth-oriented agenda, contrasting the tenure of Jeremy Corbyn, the party’s most left-wing leader in decades, under whom Labour saw its worst performance since 1935 in the last election.

Alongside promises not to hike personal taxes, Labour has ruled out increasing corporation tax and mentioned that its plans won’t necessitate a raise in capital gains tax, although they have yet to commit to maintaining the current rate.

“I aim to change our approach. I aspire to grow our economy. I recognize that prior Labour leaders have frequently resorted to tax increases and surged spending,” Starmer remarked.

In recent years, the UK has been one of the least performing major economies.

The nation slipped into recession in the last three months of 2023, witnessing a 0.3 percent decline in gross domestic product (GDP) following a 0.1 percent dip in the preceding quarter.

The Organisation for Economic Co-operation and Development (OECD) has projected a meager 0.4 percent growth for the UK this year, marking it as the slowest among the G7 economies, save for Germany.

Source: ALJAZEERA
Source: ALJAZEERA

ALJAZEERA MEDIA NETWORK

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