The ongoing debate between the Tory and Labour parties in the UK centers around tax burdens. Rishi Sunak and the Conservatives argue against higher taxes under their government, while Labour's manifesto suggests a significant increase in taxes, potentially reaching the highest level in British history. Various sources, including the BBC and the Institute for Fiscal Studies, confirm Labour's plans for substantial tax hikes, with projections indicating a record high tax burden of 37.4% of GDP under Labour's proposals. Despite promises from both parties not to raise main taxes, the tax burden is expected to rise under either government, with estimates showing potential levels of 36.7% under the Conservatives.
Labour and the Conservatives have both promised to not to raise the UK's main taxes - but the tax burden still looks set to rise. Under Labour's plans, tax would hit 37.4% of GDP - a record high in data going 750 years. The Conservatives' plans would see it rise to 36.7%. 1/8 https://t.co/VDrsUhrWTE
Tory post-election tax rises, plus Labour's manifesto plans, would take tax burden to record level, says thinktank - https://t.co/7SIOtpm7fG
Labour’s Tax Trap Manifesto confirms they want to raise taxes to the highest level in British history. And in reality they’ll go even further. Having refused to rule out more taxes on your job, your home, your pension, your car and your business. https://t.co/udfS3ANtlk
Confirmed: Labour’s manifesto would mean the highest taxes in history. If you think they’ll win, start saving.
Labour proposing massive increases in tax. Highest burden in UK history. Confirmed by BBC and IFS https://t.co/QawoX3AYBY
🚨 NEW: Labour's own manifesto, compared with current OBR forecasts, shows that in 2028-29, tax will stand at 37.4% of GDP. This would be the highest-ever tax burden in history [@tomhfh]
Rishi Sunak disputes that the tax burden will be higher under the next Tory government. Be in no doubt, according to the Tory manifesto, the tax burden keeps rising. https://t.co/3lKNJs1S1o https://t.co/IwjCBs4d6x