British Government to Maintain Election Promises with Tax Freeze

Oct.21.2024
British Government to Maintain Election Promises with Tax Freeze
UK Prime Minister vows to fulfill election promises as Chancellor considers extending income tax threshold freeze to 2028.

According to a report by The Independent on October 18, the UK Prime Minister has reaffirmed that the government will "keep our election promises". Chancellor of the Exchequer Rachel Reeves is considering extending the freeze on income tax thresholds beyond 2028, which could raise £7 billion.


Continuing the freeze on policies helps to fill the £40 billion funding gap currently facing the Chancellor of the Exchequer, thus avoiding a return to austerity measures. The Labour party's election manifesto promises not to raise income tax rates, but does not mention tax thresholds. Senior Labour officials have previously included freeze policies in the list of "25 tax hikes by the Conservative party.


According to reports from multiple media sources, among other measures being considered is the imposition of a tax on e-cigarettes. The Finance Ministry has not commented on such budget speculation. However, when asked about possible tax changes at a press conference in Berlin, Keir Starmer stated, "We will uphold our election promises.


I will not disclose in advance the specific measures that the Chancellor of the Exchequer will announce at the appropriate time. This budget will restore foundations and rebuild our country.


We welcome news tips, article submissions, interview requests, or comments on this piece.

Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn


Notice

1.  This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.

2.  The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.

3.  This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.

4.  Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.

 

Copyright

 

This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.

For copyright-related inquiries, please contact: info@2firsts.com

 

AI Assistance Disclaimer

 

This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.

We welcome any corrections or feedback. Please contact us at: info@2firsts.com

Osceola County, Florida Receives $400,000 from JUUL Settlement to Fund Youth Vaping Prevention Programs
Osceola County, Florida Receives $400,000 from JUUL Settlement to Fund Youth Vaping Prevention Programs
Osceola County, Florida, has received $400,000 from JUUL’s $79 million statewide settlement. The funds will be used for youth vaping prevention and nicotine addiction treatment initiatives, including school-based education programs and the installation of vaping detection devices. Advocates have welcomed the move, stressing the need for stronger harm-awareness education.
Jul.10 by 2FIRSTS.ai
Thai Police Seize 22,900 Smuggled E-Cigarettes Worth Approximately $310,000
Thai Police Seize 22,900 Smuggled E-Cigarettes Worth Approximately $310,000
On July 9, Thailand’s highway police intercepted a van smuggling e-cigarettes, seizing 22,920 devices worth around 10 million baht (approximately $310,000), and arrested the 41-year-old driver. This is the largest e-cigarette smuggling case in the country so far in 2025, and police plan to expand the investigation.
Jul.10 by 2FIRSTS.ai
2Firsts Interviews Harm Reduction Policy Expert Jeannie Cameron: WHO’s Rejection of Harm Reduction Is Undermining Global Tobacco Control
2Firsts Interviews Harm Reduction Policy Expert Jeannie Cameron: WHO’s Rejection of Harm Reduction Is Undermining Global Tobacco Control
As part of its GFN media partnership, 2Firsts spoke with FCTC expert Jeannie Cameron, who warns that the WHO’s rejection of harm reduction is leading global tobacco control efforts off course.
Jun.18
Product | GEEKBAR Launches 2GO E-Cigarette with 50,000 Puffs
Product | GEEKBAR Launches 2GO E-Cigarette with 50,000 Puffs
GEEKBAR launches new e-cigarette GEEKBAR 2GO with 50,000 puffs, 13 flavors, and interactive display screen, which can automatically adjust nicotine concentration.
Jun.03 by 2FIRSTS.ai
Exclusive Interview with UK Brand PIXL: Disposable Ban Sparks “Pod System Opportunity” — High-Puff Refillable Vapes Become the New Must-Have
Exclusive Interview with UK Brand PIXL: Disposable Ban Sparks “Pod System Opportunity” — High-Puff Refillable Vapes Become the New Must-Have
Following the UK’s disposable vape ban, the market saw major shifts. PIXL quickly entered with a “2+10ml” high-puff pod system. At the Dubai expo, the brand highlighted its user-focused design, modular strategy, and noted how the ban is driving demand for compliant refillable products.
Jun.26 by 2FIRSTS.ai
Philippines Considers Higher Taxes on E-Cigarettes to Curb Youth Usage
Philippines Considers Higher Taxes on E-Cigarettes to Curb Youth Usage
The Philippines may raise e-cigarette taxes to curb teenage use, which has hit 40%. The Senate is debating a tax reform, stressing the need for strict enforcement against illegal trade. A biennial tax adjustment plan is proposed to boost government revenue.
May.22 by 2FIRSTS.ai