Labour's McDonnell targets tax cuts in call for 'emergency budget'

Efficiency savings to rise to £3.7bn by 2021/22

Victoria McKeever
clock • 1 min read

Labour shadow chancellor John McDonnell said he would curb corporation, capital gains and IHT tax cuts to raise an additional £17bn for public services.

In an interview with the BBC's Today Programme, McDonnell outlined what he will say in a speech today at Church House in Westminster, in which he will call for an "emergency budget" for public services which he has said are "in crisis". This comes just under a week before Chancellor Philip Hammond will deliver the Autumn Budget, on Wednesday 22 November.   McDonnell said he wanted to increase the annual spend on public services by £17bn, aiming to put more money into health, education and local government. McDonnell also said he wanted to lift the cap on public sector pay. "The gov...

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