Wednesday, 25 March 2015

Nobody will believe the Tories on VAT. Labour won't raise VAT, and under us National Insurance won't go up either.


Nobody will believe the Tories on VAT. Labour won't raise VAT, and under us National Insurance won't go up either.

Nobody will believe David Cameron on VAT. He broke his promise on VAT last time, and given half a chance he'll do it again.
  • The Tories said they weren't going to raise VAT before the election in 2010, and then put it up from 17.5 per cent to 20 per cent a few weeks later.
  • They said they weren't going to raise VAT before the election in 1992, and then put VAT on domestic fuel after the election.
  • They said they had no intention of doubling VAT before the election in 1979, and then raised it from eight per cent to 15 per cent after the election.
Their promises can't be trusted now, because the Tories still have £10 billion of unfunded tax promises to pay for, and extreme spending plans which can't be delivered. 
Yesterday, George Osborne refused five times to rule out increasing VAT. The Tories are making it up as they go along.
We have no unfunded pledges - that's why we have absolutely no need to raise National Insurance. Under us it's not going to go up, and our manifesto will make that clear. In fact we want to cut taxes on working people, through a lower 10p starting rate of income tax. We've said where the money is coming from for that - scrapping the Tories' unfair married couples allowance.