Budget 2024: Education secretary gives Labour’s latest definition of ‘working people’

Education secretary gives latest definition of 'working people'Skye News

Transcript

00:00There have been three buzzwords here.

00:01Growth, fixing foundations, and the other one is working people.

00:05Prime Minister says working people don't include those

00:07who make money from investment.

00:09So is it OK with you to raise taxes on the savings

00:12of working people with ISIS?

00:13No, what we're talking about here is people whose main income

00:17arises from the fact they go out to work every day.

00:19And they're the people that we've been clear about,

00:21both in the election and now, that they will not

00:24face higher taxes in their pay slip following this budget.

00:27But lots of people who go out to work every day

00:29have savings accounts and have ISIS and so on.

00:32That's the point of them.

00:34Of course they do, and that's incredibly important.

00:36So the idea that there won't be taxes on the money

00:41that those people earn might extend to their savings, is it?

00:45You are once again asking me to speculate on matters

00:47that are for the Chancellor.

00:49It's a matter of principle.

00:50But we have set out that we want to ensure

00:53that people who work hard and their main income

00:56comes from their jobs, that they get protection and support.

01:00And that's why our manifesto commitment was

01:02around no increases on VAT, national insurance,

01:05and income tax.

01:05We hold to that, and that's what people will see in the budget.