BCC warns Healey tax hikes would be 'road to ruin' as growth plan unveiled
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Neutral summary
Chancellor John Healey unveiled his growth plan on Monday, insisting the economy is 'turning a corner', but business groups and economists warned that tax rises in October's Budget would damage the recovery. The British Chambers of Commerce told Healey not to 'pile more taxes on firms' and called for the scrapping of the pension triple lock, saying the move could save billions and help tackle youth worklessness. The Resolution Foundation estimates the triple lock will add £15.5 billion a year to the pension bill by 2029-30. Prime Minister Andy Burnham is set to meet bosses next week to reassure the private sector, while The Independent reports economists say tax rises are 'increasingly likely' as the books are squeezed.
How it was framed
Outlets: 10. Countries: 2. Facts in the shared core: 4.
Publication timeline
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City AM (outlet profile)
Budget tax hikes would be ‘road to ruin,’ Healey warned. A top City trade body has warned Chancellor John Healey that tax hikes at the October Budget would set the UK on the “road to ruin”.  The British Chambers of…
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iNews (outlet profile)
Tax rises ‘increasingly likely’, warn economists as Healey unveils growth plan. The Chancellor will today insist the economy is 'turning a corner' – but he is running out of options to balance the books
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The Independent (outlet profile)
‘I want to see wealth creation’ John Healey to say as he tries to reassure nervous markets over economy. Chancellor expected to face pressure over tax after Andy Burnham failed to rule out possible rises in October’s Bu…
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Daily Mail (outlet profile)
John Healey is urged to rule out tax hikes in his Budget amid warnings Labour's runaway spending could 'bankrupt Britain'. Chancellor John Healey was warned by the Tories against hammering business and families with mor…
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Evening Standard (outlet profile)
'Tax rises' in Budget: London business chiefs warn against new levies as Chancellor John Healey unveils plan. Andy Burnham’s Government has refused to rule out more tax increases
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GB News (outlet profile)
John Healey urged to axe state pension triple lock in radical plan to kickstart Britain's economy. A top business group has urged Chancellor John Healey to scrap the triple lock to repair the nation's public finances. T…
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Politico Europe (outlet profile)
Is the chancellor really a risk taker?. Can the chancellor deliver growth without breaking his own self-imposed fiscal rules? John Healey will set out his vision for the economy this morning, but with pressure mounting…
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WalesOnline (outlet profile)
Pension triple lock targeted in plan to cut costs for hiring. The British Chambers of Commerce is calling for a triple lock update
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The Independent (outlet profile)
Andy Burnham urged to scrap state pension triple lock by major business group. The triple lock will see the state pension rise by more than £500 per person in April 2027
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GB News (outlet profile)
John Healey urged to axe state pension triple lock in radical plan to kickstart Britain's economy. One of Britain's leading business organisations has called on John Healey to abolish the state pension triple lock as pa…
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City AM (outlet profile)
Are Labour Chancellors really still blaming Liz Truss?. Healey's first speech as Chancellor parroted the usual Labour lines: the woes of austerity, the joys of the state and, of course, the villainy of Liz Truss.
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iNews (outlet profile)
How the triple lock state pension could be scrapped – and what could replace it. The British Chamber of Commerce (BCC) has called on the Chancellor to abandon the lock
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Morning Star (outlet profile)
Healey’s prescriptions for growth are familiar — and wrong. JAGUAR Land Rover confirming 4,000 jobs will go took the shine off Chancellor John Healey’s claim that Britain’s economy is “turning the corner” today. Healey’…
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Sky News (outlet profile)
Burnham set to meet bosses to reassure over growth agenda. Andy Burnham will next week meet scores of leading company bosses for the first time as the government seeks to reassure the private sector about its growth age…
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GB News (outlet profile)
State pension triple lock faces axe calls to 'give younger workers a leg up'. The state pension triple lock could be scrapped to give "younger workers a leg up", according to analysts. Earlier today, the British Chamber…
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Daily Mail (outlet profile)
QUENTIN LETTS: Healey's bucolic bombilation left the audience in various stages of poleaxed slumber. John Healey, our new Chancellor, gave a speech designed to soothe the financial markets. Soothe or sedate? Mr Healey p…
Factual core
- The British Chambers of Commerce (BCC) urged Chancellor John Healey to scrap the state pension triple lock to repair public finances.
- Reeves insisted that the UK economy is 'turning a corner'.
- UK Chancellor John Healey will set out his vision for the economy this morning.
- UK Chancellor John Healey was urged by the Conservative Party not to introduce new tax increases in his upcoming Budget.