Why Starmer pledged not to raise key taxes despite impact of Trump's tariffs

Sir Keir Starmer has stressed his commitment to the government’s fiscal rules and reiterated he would not increase national insurance, VAT or income tax, despite Donald Trump’s tariffs upending government economic policy. The Prime Minister called for “cool heads” as global markets plunged in response to the US President’s sweeping global import taxes, and said the UK had to “rise together as a nation” in the face of a new era of global instability and a “completely new world”. It came as the value of US stocks dropped sharply as markets opened on Monday afternoon, following falls in London and across Europe and Asia earlier. Speaking at a Jaguar Land Rover plant in the West Midlands this afternoon, Sir Keir was asked whether he could guarantee the government’s fiscal rules wouldn’t change. Read more of the story here 👇 https://www.cityam.com/tariffs-starmer-commits-to-fiscal-rules-and-not-raising-income-tax-and-vat/ Get more of City AM 👇 🌐 http://www.cityam.com X(formerly Twitter): http://twitter.com/CityAM Facebook: http://www.facebook.com/cityam Instagram: http://www.instagram.com/city_am LinkedIn: www.linkedin.com/company/cityam Produced by: Jessica Frank-Keyes, Emmanuel Nwosu, Joseph Curay Teneda #keirstarmer #donaldtrump #tax #taxes #tariffs #incometax #vat #nationalinsurance #starmer #trump #news #economy #politics #uk #uknews #ukeconomy #ukpolitics #politicalnews #market #marketnews #money #personalfinance #finance #financialnews