The Aporia
The Aporia
McKeon, C. (2026, October 10). Tories urge Chancellor not to raise tax in five Budget ‘tests’. Evening Standard. https://www.standard.co.uk/news/politics/john-healey-budget-gdp-tories-b1300312.html
McKeon, Christopher. “Tories urge Chancellor not to raise tax in five Budget ‘tests’.” Evening Standard, 10 Oct. 2026, https://www.standard.co.uk/news/politics/john-healey-budget-gdp-tories-b1300312.html.
McKeon, Christopher. “Tories urge Chancellor not to raise tax in five Budget ‘tests’.” Evening Standard, October 10, 2026. https://www.standard.co.uk/news/politics/john-healey-budget-gdp-tories-b1300312.html.
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Andrew Griffith, the Conservative shadow chancellor, urged John Healey to avoid introducing any new taxes in his upcoming Budget on October 28. Griffith outlined five "tests" for the Chancellor: cutting the budget deficit, slashing welfare spending, increasing defence spending to 3% of GDP by 2030, and boosting youth employment. Griffith criticized Labour's first two budgets for pushing tax levels towards their highest recorded point, impacting families and businesses negatively. He also emphasized that the current threats Britain faces necessitate significant investment in defense. Financial industry leaders, including chief executives from UK Finance and the CBI, joined Griffith’s call by urging the Chancellor not to raise taxes on banks, citing an already high financial sector tax burden compared to international competitors.
