Sunak ‘taking public for fools’ with 2p national insurance cut, says Labour

Holly Patrick

Rishi Sunak is “taking people for fools” with potential further tax cuts, Wes Streeting has said.

The shadow health secretary was asked if Labour would seek to match a 2p national insurance cut expected to be in the Tory manifesto on Tuesday, 11 June.

Mr Streeting said: “We are not able to make that commitment today because the money simply isn’t there and I think Rishi Sunak should level with people that the money simply isn’t there.

“I think he is taking people for fools.”

Labour will announce their manifesto on Thursday.

  • Up next
  • Up next
  • Up next
  • Up next

Latest Stories

  • 14 Poor Souls Who Were Excited To Start Their New Job, Only To Realize They Needed To Quit Immediately

    "I spent my entire day inside a Starbucks applying for other jobs, went home, and got paid, but I never returned."

  • A $100 Billion Bet on China’s Economy Sours as Warehouses Empty

    (Bloomberg) -- In many parts of China, the warehouses and industrial parks that used to be a magnet for international investors are grappling with a surprising slowdown in business activity. Most Read from BloombergYouTuber Dr Disrespect Was Allegedly Kicked Off Twitch for Messaging MinorVW Latches Onto Rivian in $5 Billion EV Pact to Regain MomentumTrump Could Actually Lose Florida. Here’s Why.Nvidia Rout Takes Breather as Traders Scour Charts for SupportJulian Assange Leaves Court ‘Free Man,’

  • Toyota recalls 145,000 Toyota, Lexus SUVs due to an airbag problem: See affected models

    Toyota is recalling about 145,000 vehicles due to an airbag problem, the automaker said last week. Here's which models are affected.

  • I’m an Average Middle-Class Retiree: Here’s How Much Savings I Have

    Though your pre-retirement income alone isn't enough to determine if you'll retire comfortably, it certainly plays a role. For example, if you're earning a middle-class salary, the amount you allocate...

  • Cheap Canadian Oil Displaces Iraqi Imports on US West Coast

    (Bloomberg) -- US West Coast refiners are replacing their heavy Iraqi oil imports with cheaper crude from Canada as the newly expanded Trans Mountain pipeline reshuffles trade flows across the Pacific. Most Read from BloombergHow Long Can High Rates Last? Bond Markets Say Maybe ForeverJain Global Raises $5.3 Billion, Secures Cash From Abu DhabiBuzzFeed Struggles to Sell Owner of Hit YouTube Show ‘Hot Ones’Nvidia Sales Grow So Fast That Wall Street Can’t Keep UpTech Hits Stocks as Nvidia Extends

  • Migrant workers awarded more than $23K from N.S. seafood company

    A group of eight migrant workers from Mexico has been awarded a total of more than $23,000 in lost compensation from a seafood company based in southwest Nova Scotia.In a decision from the Nova Scotia Labour Board released on June 14, chair Jasmine Walsh ordered Lower Wedgeport-based Ocean Pride Fisheries Ltd. to compensate the workers for deductions from their wages, missing hours, and pay that should have been provided in lieu of notice of termination.The workers first filed complaints in Sept

  • Nvidia Stock Rebounds After Falling Into a Correction

    The chip maker looks to have been hit by fears over a potentially stretched valuation and news that CEO Jensen Huang has been selling stock through a trading plan.

  • 5 Signs Boomers Have Enough Savings To Last In Retirement

    Retirement should be a time of rest, relaxation, and enjoyment. It shouldn't be a time to worry about your finances. If you're looking for the former, proper and proactive retirement planning from a...

  • Gen Xers are on the cusp of retirement—but most have only saved 10% of what they’ll need

    Those in the 10-year countdown to retirement reported a median savings of $47,950.

  • Tesla may end up the only victim as Canada mulls punitive tariffs on Chinese-made EVs

    Canada accused China of "anticompetitive practices" as it announced it is set to launch a public consultation exploring potential tariffs on Chinese electric vehicles (EVs), similar to that carried out by the US government. The month-long drive to solicit public opinion, which starts on July 2, will pave the way for policies to protect workers in Canada's automotive industry and its growing EV businesses from unfair trade practices, the Department of Finance said in a statement. At present, no C

  • Peru Resolves Chinese Port Spat as President Prepares to Meet Xi

    (Bloomberg) -- Peru and a Chinese state-owned company resolved a dispute over the business model of a massive $1.3 billion port ahead of a meeting between the presidents of both countries this week. Most Read from BloombergYouTuber Dr Disrespect Was Allegedly Kicked Off Twitch for Messaging MinorNvidia Rout Takes Breather as Traders Scour Charts for SupportTrump Could Actually Lose Florida. Here’s Why.Rivian Gets $5 Billion Lifeline in Joint Venture With VolkswagenJulian Assange Leaves Court ‘Fr

  • I’m a Retirement Planner: 3 Reasons I Recommend People Don’t Retire in the Summer

    Pre-retirees often give plenty of thought to the age to start planning their retirement, whether this means claiming their Social Security benefits early at age 62 or working until they're 70 for...

  • Top China Lithium Firm Files International Claim Against Mexico

    (Bloomberg) -- Ganfeng Lithium has filed an international arbitration case against Mexico after the Latin American nation canceled a potential mining project valued at more than $1 billion.Most Read from BloombergNvidia’s 13% Stock Rout Has Traders Scouring Charts for SupportBuzzFeed Struggles to Sell Owner of Hit YouTube Show ‘Hot Ones’Jain Global Raises $5.3 Billion, Secures Cash From Abu DhabiHow Long Can High Rates Last? Bond Markets Say Maybe ForeverWikileaks’ Julian Assange to Plead Guilty

  • Australian wine sector a worrying case study for EU industries in China trade spat

    Hit with Chinese tariffs, Australia's wine industry struggled to offset the impact of falling exports despite scrambling to build new markets, source grapes from elsewhere and seek government help, industry executives said. Though the EU's winemakers are not part of the current spat, its pork and brandy sectors fear they could be hit with retaliatory measures from Beijing after the bloc imposed tariffs of up to 38% on Chinese-made electric vehicles. The first tariffs on wine were introduced in November 2020.

  • China hits back at West's over-capacity allegations in EVs, lithium batteries

    DALIAN, China (Reuters) -China's Premier Li Qiang used his address at a World Economic Forum meeting in Dalian to hit back at accusations from the U.S. and EU that Chinese firms benefit from unfair subsidies and are poised to flood their markets with cheap green technologies. Li's comments come as China and the European Union prepare to host technical talks on the planned imposition of tariffs on Chinese-made electric vehicles (EVs) imported into the 27-strong bloc and after the United States unveiled steep tariff hikes on an array of Chinese imports, including EV batteries, in May. "China's production of advanced electric vehicles, lithium-ion batteries and photovoltaic products, etcetera, first met our domestic demand, but also enrich global supply," Li said in opening remarks in the northeastern Chinese city on Tuesday.

  • Alberta regulator projects 17 per cent growth in oilsands production by 2033

    CALGARY — The regulator responsible for overseeing Alberta's oil and gas sector has released a new report projecting the province's oilsands production will grow by more than 17 per cent by 2033.

  • Warren Buffett's PacifiCorp reaches $150 million wildfire settlement

    PacifiCorp, a utility owned by Warren Buffett's Berkshire Hathaway, agreed to a $150 million settlement with 378 plaintiffs arising from one of the 2020 wildfires that devastated parts of Oregon and northern California. The settlement announced on Monday resolves substantially all individual claims in northern California related to the Slater Fire, which burned approximately 157,000 acres (63,536 hectares) over two months and crossed into Oregon before being contained. PacifiCorp has paid more than $1 billion to settle more than 1,600 claims arising from the Labor Day weekend fires with individuals and businesses in Oregon and California.

  • China may miss booming global market for high-bandwidth memory chips, BofA analyst says

    Surging demand for high-bandwidth memory (HBM) chips - used in data centres for artificial intelligence (AI) projects - is heating up the global semiconductor industry, but mainland China's supply chain is not ready to reap the benefits of this booming market segment, according to a Bank of America (BofA) analyst. "Memory chips are experiencing a significant impact from the rise of AI, with the main driver currently being the demand for HBM in data centres, but not yet from smartphones," Simon W

  • Horizon engineer Gareth Jenkins defends accounting system at Post Office inquiry as Seema Misra rejects his apology

    One of the architects of the Post Office Horizon accounting system has admitted there were "discreet" bugs but it generally "worked well", dismissing suggestions he had knowledge of widespread flaws.

  • ‘Months to correct, if not years’: Car dealerships and customers feel the impact as CDK outage drags on

    A CDK Global system outage has affected nearly every aspect of the Mazda dealership in Seekonk, Massachusetts, where Ryan Callahan is general sales manager. He says it won’t be a simple fix.