Rising UK Rates Open £9 Billion Hole In Tory and Labour Plans

Contributing sentiments towards policy:

50% : Labour has pledged to spend £28 billion a year on green energy but insists it will do so within its debt rule, which implies other investment will suffer as its has only limited plans to raise tax.
43% : Rising interest rates and gilt yields have punched a £9 billion ($11.3 billion) hole in the UK government finances, jeopardizing both the Conservatives' plans to cut taxes before the election and the opposition Labour Party's ambition to spend billions on a green energy transition.
43% : The party hopes to raise £3.2 billion annually by scrapping rules allowing those claiming "non-dom" status to avoid tax on their overseas earnings; £1.6 billion by introducing VAT on private school fees; and £1.1 billion by reversing pension changes criticized as a giveaway to the rich.
40% : Prime Minister Rishi Sunak's government, trailing far behind Labour in opinion polls, has made little secret of its desire to cut income taxes and extend business tax breaks before an election, due by January 2025 but widely expected to be held next year.

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