MoneyWeek

Things can always get worse

Labour leader Keir Starmer and his shadow chancellor Rachel Reeves spend a lot of time trying to reassure everyone that they will not push taxes any higher. They have already guaranteed not to raise the rate of income tax, of corporation tax, or of VAT over the lifetime of the next Parliament. Given that the Conservatives made the same promises back in 2019, and then raised taxes to a 70-year

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