Starmer eyes sell-by on fat cat bonanza
Fat cat bankers will have less than two years to enjoy their bumper Tory bonuses if Keir Starmer becomes PM.
And he will order Labour MPs to vote against the abolition of the top 45 per cent income tax rate for £150,000 earners.
But he says the 31million taxpayers who saw a penny lopped off their 20 per cent basic rate in Kwasi Kwarteng’s budget on Friday should be allowed to keep the extra.
In his first newspaper interview since Liz Truss became PM, Starmer said: “Removing the cap on bankers’ bonuses when people are really struggling to pay their bills shows the Tories are absolutely tone deaf to what so many people are going through.”
Starmer is appalled that a £1million earner is being handed £55,000 they do not need when so many people do not know where the next pound is coming from. The tax changes will come in next April, 20 months before the last possible moment Truss can call the next election.
Bankers will no longer have bonuses capped at 200 per cent of salary, so the sky is the limit for their earnings.
Shadow Health Secretary Wes Streeting said yesterday he will protect the £314million of public money going into care homes by clamping down on bosses who avoid tax.
And Labour deputy leader Angela Rayner will promise today to put a stop to Tory ministers handing £40billon worth of public contracts to tax haven-linked businesses, which loses the Treasury £17billion in corporation tax revenue.
Starmer is in Liverpool today for his third Labour conference as leader to put the party on election campaign footing under the slogan “a greener, fairer Britain”.
When it comes to tackling climate change he agrees with the new King – although there is one major difference in his outlook.
Charles III thinks economic growth damages the environment while the Labour leader sees it as a way to create a more prosperous UK – something that will be the centrepiece of his keynote speech on Tuesday.
He said: “When I talk about climate change I’m talking about the next generation of jobs, green for me equals jobs for the future.
“It’s a reflection of my working class upbringing and what a skilled, secure job means for a family. I’m a father and I have an obligation to my children and to tackle the climate crisis.”
The Tories are absolutely tone deaf to what so many people are facing