Many of the Conservative leadership contenders have pledged to cut taxes if they are successful, but Mr Starmer is set to claim billions of pounds worth of the commitments made are unfunded.
Sir Keir Starmer will take aim at Conservative leadership contenders later today, claiming more than £200bn of commitments made in an"arms race of fantasy economics" are not funded.
As he delivers a speech in the North East, the Labour leader is also expected to hit out at Tory MPs who served in Boris Johnson's government for their"hypocrisy" over backing tax hikes, despite being"opposed to them all along". It comes after Jeremy Hunt and Sajid Javid threw their hats into the race to be the next prime minister by saying they would scrap plans to raise corporation tax from 19% to 25% and instead cut it to 15%.
On top of that, Mr Javid pledged to get rid of the government's controversial national insurance increase, bring forward the planned 1p income tax cut to next year and introduce a temporary fuel duty reduction.Tax cuts have been a hot topic of conversation in the contest so far, with Foreign Secretary Liz Truss, Chancellor Nadhim Zahawi, Transport Secretary Grant Shapps, Attorney General Suella Braverman and Kemi Badenoch pledging to implement some.
However, Sir Keir has appeared to have found an issue with their plans, claiming none of the contenders have said how they will be paid for.
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