Great Britain

Peston destroys Keir Starmer’s ’odd’ new tax policy – Labour just wiped out £15billion

Labour Conference 2021: Chair 'curtailing debate' says guest

The party conference began on Saturday 25 September and is lasting until Wednesday 29 September 2021. At the conference, Rachel Reeves, MP for Leeds West, took to the stage to announce a new tax policy if voted in.

The tax policy will be a suggested abolition of business rates.

However, Robert Peston of ITV has questioned the Labour Party for the new tax policy.

Mr Peston has suggested that the abolition of business rates has not had anything suggested to come in place of the rates, saying it could having an economic impact if nothing replaces it.

Mr Peston tweeted: “Slightly odd that shadow chancellor Rachel Reeves MP is announcing the abolition of business rates without saying what will replace it.

Labour conference

Robert Peston has taken aim at a new Labour tax policy (Image: Getty)

Rachel Reeves and Keir Starmer

Rachel Reeves and Keir Starmer (Image: Getty)

What she has announced is a short-term fix to reduce the burden on stores, hospitality and small businesses, but not a comprehensive new system.

“This feels like a hostage to fortune, with £15billion per annum of tax revenue at stake.”

Twitter user Ivor Wilde took to Twitter to express his concerns about the proposed change by the Labour party to the business rates.

They tweeted: “What a great gift to property owners.

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Angela Rayner

Angela Rayner at Labour conference (Image: Getty)

Keir Starmer and Angela Rayner

Keir Starmer and Angela Rayner at the Labour conference (Image: Getty)

“In working out what to bid for a property you take est income - exps inc rates.

“What's left is divided between profit and rent/interest on capital.

“Take out rates and you will pay more rent or interest.

“Look what happened on stamp duty.”

The new policy comes after Angela Rayner came under heavy fire for her use of the word “scum” in the description of the Conservative Party.

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Keir Starmer Brexit timeline

Keir Starmer Brexit timeline (Image: Express)

Ms Rayner described the party as “homophobic, racist, misogynistic [and] vile”, whilst adding they were “a bunch of scum” during a reception for activists on Saturday night.

However, Keir Starmer, leader of the Labour party, refused to back Ms Rayner in the aftermath of this.

He said that he would “not have used” the words in which Ms Rayner used, saying they were not an effective way of keeping with a “respectful political debate”.

Keir Starmer

Keir Starmer at the Labour conference (Image: Getty)

Ms Rayner told Sky News: "If the prime minister wants to apologise and remove himself from those comments that he's made that are homophobic, that are racist, that are misogynistic then I will apologise for calling him scummy.”

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