Labour and the Conservatives have both ruled out raising VAT in the next parliament, as scrutiny of the two main parties’ tax plans intensified in the general election campaign.
But Tory Chancellor Jeremy Hunt said — and Labour leader Sir Keir Starmer suggested — their parties would freeze income tax thresholds after the election, a move that would see more people dragged by inflation into paying tax or into higher tax brackets over time.
With Labour still far ahead in the polls as the election campaign moves into its second week, both parties have accused their rival of plotting to raise taxes by stealth.
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