P163 CEEFAX 163 Thu 16 Jan 21:04/34
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z*k5j5*h7!~s SMITH DEFENDS LABOUR
z5j5 ju0p TAX POLICY
The shadow chancellor has defended his
right to choose whjn to implemjnt
changes to national insurance under a
Labour govjrnmjnt.
John Smith said thjre was a possibility
thj national insurance ceiling would be
raisjd in Labour's first budget.
Speaking on BBC Radio 4, Mr Smith said
it was quite clear that Labour would
makj the changj but it was up to thj
chancellor to decide how to go about it
Thj Consjrvatives have claimed that
Labour is changing its policy ovjr
increasing national insurance.
110 Major-Kinnock clash over taxes
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