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Labour’s plans for tax and growth

Will there be massive tax hikes?

Not to the extent of raising them by £2,094 per family, in any case. That tendentious claim was at the centre of the first meaty row of the election campaign this week, when Rishi Sunak repeatedly levelled it at Keir Starmer in their first TV debate (see page 10). The Labour leader branded it “absolute garbage”. The disputed figure is based on a putative price tag of £38bn over four years for specific Labour policies, and became the subject of a typical election-time row. But in reality Labour’s plans are very similar

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