Lib Dems criticize Labour's potential tax changes for disabled
The Liberal Democrats are criticizing the Labour government for potentially changing the digital services tax, which affects big tech companies. They claim this could hurt disabled people in the UK to please global business leaders like Elon Musk and Donald Trump. The Labour party, led by Rachel Reeves, is considering dropping the 2% tax that raises around £800 million a year for the country. This tax was introduced in 2020 to ensure tech companies pay their fair share. While discussing the issue, Reeves mentioned that ongoing talks aim to balance the economy and avoid higher tariffs on British exporters. Liberal Democrat leaders, including Daisy Cooper, are alarmed by Labour's recent cuts to the welfare budget amounting to £5 billion. Cooper emphasized that cutting taxes for giants like Musk and Trump, while reducing support for the most vulnerable, is deeply concerning. She urged the government to prioritize the British people and ensure fair taxation for social media companies. Lib Dem leader Ed Davey also highlighted that trying to appease international figures like Trump is ineffective, citing previous tariffs on British steel. He pledged that social media companies will be asked to contribute more to protect children and young people from their harmful effects. The Liberal Democrats advocate increasing the digital services tax from 2% to 6%. Meanwhile, Trump has announced more tariffs on imports, marking April 2 as "Tariff Day" for further tax increases.