Ex-Bank of England chief tells Starmer tax hikes could make UK communist | Politics | News
Former Bank of England boss, Mark Carney, called Sir Keir Starmer to stop taxing the middle class of England or transform England into a pro -left -wing country. Sir Keir and Mark Carney, who is currently the Prime Minister of Canada, exchanged rugby jerseys on Friday before the clash between the two countries in the Rugby World Cup final of women’s Rugby World Cup final.
The two leaders, both of them from central politicians, were Iceland’s socialist prime minister, Kristrún frostadòt, and were gathered for bilateral talks at the Global Progress Summit in London, attended by Australian Prime Minister Anthony Albanese.
Mr Carney said that the cost of the life crisis in the UK and the stagnant wage growth in the UK means that the country’s leading Karl Marx’s leading Karl Marx lived in London in the middle of the 19th century.
He said: “The reality of what you have inherited, the real free 15 years [growth]People were in the middle of the 19th century for the last time.
“Karl Marx was writing the Communist Manifesto in the British Library – there is a connection here. First of all, you must provide real wage growth.”
Telegraph Reports, Mr. Carney added: “The first thing we did, we cut taxes for the middle class, we reduced the taxes for 22 million Canadians, we cut their homes for the first time for young Canadians, cut the taxes on the carbon, direct carbon tax, a good policy in the textbook, but a divisive problem.”
Unlike our Canadian colleagues, the ordinary British could not benefit from tax reductions, Rachel Reeves’ first budget last year, the employer’s national insurance contributions and the raids of the national insurance contributions and the reduction of non -residents increased to £ 40 billion last year.
Mr. Carney’s comments, Barclays CEO CS Venkatakrishnan, Chancellor Rachel Reeves in November in front of his next budget to the economic growth in the “existence” to not pay taxes.
In an interview with CNBC, “It prevents the competition, prevents growth. You should encourage growth to avoid being taxed from existence.”
Barclays Bank said in a statement that small British enterprises were reluctant to invest in investing due to lack of confidence in the economy and the fear of more tax hikes and that they have left the potential of billions of pounds.
According to the Bank’s estimates, if small and medium -sized enterprises (SMEs (SMEs) have invested at the same rates as larger companies, approximately 60 billion £ new investment in the UK economy can be opened annually.
Barclays said that increasing business costs due to last year’s autumn budget had a significant impact on SME work trust until 2025.
Between the third quarter of 2024 and the second quarter of 2025, the ratio of SMEs, which felt positive about the current climate, fell from 48% to 36%, and the economic uncertainty has increased sharply.
“Chancellor, the financial services sector was at the center of our plans to enlarge the economy,” a Treasury spokesman said: “
