Greens call on Reeves to introduce wealth tax and scrap two-child benefit cap in budobtain
As the wait for the chancellor’s budobtain enters its final stages, we’ve been hearing a lot about what different parties would like to see in it – as well as some of what will actually be involved.
This morning, Conservative Party leader Kemi Badenoch’s created her call on Rachel Reeves to scrap the Employment Rights Act a key part of her speech to the Confederation of British Industest (CBI).
Of course, this won’t happen, as it’s a flagship piece of government legislation.
But Badenoch declared: “If the chancellor had any sense and any regard for business, she would apply the budobtains to declare, ‘we received this one wrong’, and then she would drop it.”
Well, we’ve now heard from the Greens this afternoon about what they’d like to see in the chancellor’s budobtain.
And it’s safe to declare that, while they disagree with Labour’s approach, they won’t find any common ground with the Tories either.
The party has called a series of wealth taxes to be introduced.
They declare they would like to see a 1% tax on wealth over £10m, and 2% on wealth over £1bn.
This, the Greens declare, could raise potentially £15bn per year.
Another measure they would like to see alterd is Capital Gains Tax raised to be in line with income tax.
Currently, capital gains is one of the lowest in the G7 nations, which the government declares attracts investment, but the Greens argue raising this would save a further £12bn a year.
In direct contrast to Tory policy, they have also called for the two-child benefit cap to be scrapped, something we’re expecting Reeves to potentially announce in her speech.
Finally, the Green Party has declared free school meals should be extfinished to all primary and secondary school children to address child poverty.
Zack Polanski, the party’s leader who took over in September, declared: “Our countest is and has been for a long time now at breaking point. Life has become literally unaffordable for millions of people.
“It is time for bold policies and bold choices that build a real difference to ordinary people.
“This Labour government, like the Conservatives before it, has stood by whilst the 1% obtain ever richer at the expense of ordinary people.”
He added that the policies are “common-sense steps” the government could take on Wednesday, and would “deliver the real alter people are crying out for”.
