Keir Starmer and Rishi Sunak have ruled out raising income tax, national insurance and VAT, but left the door open to other taxes
Both main parties are being criticised for not being honest about who they will square spending needs with tax pledgesBut experts at the IFS warned that in order to balance the books, the next government will need to make “painful choices” including some combination
She warned: “We have little sense of where the resources are going to come from, so voters are left guessing. If they are going to keep to this spending envelope, what is it that the next government is going to choose to prioritise? And if they top up those spending plans, where is the money for that going to come from?”
Ms Miller warned the parties against limiting their room for manoeuvre after the election, saying: “One of the problems is it ties your hands, it restricts what you can do if you decide you want to raise revenue. I think importantly, even if the parties are right they don’t want to raise revenue at the moment, if the last few years have taught us anything it should surely be that things can change and can change pretty quickly.”: “We have said we want taxes on working people to be lower.
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