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Market
Which party's tax policies will be more favored in the next UK general election?
5
Resolution / Starting Odds
Conservatives • 33%
Labour • 33%
Other parties • 33%
Official election results and exit polls
Story
Sunak Claims Labour Policies Will Raise Taxes by £2,000 per Family in #ITVdebate
Jun 4, 2024, 08:21 PM
During a televised debate, Prime Minister Rishi Sunak repeatedly claimed that Labour's policies would result in a £2,000 tax increase for every working family. This assertion is based on Conservative estimates that Labour's spending plans would create a £38.5 billion blackhole, equating to £2,094 in taxes per family. Labour has disputed these figures, arguing that the Conservatives' calculations are misleading. Keir Starmer, the Labour leader, countered by accusing Sunak of raising taxes 26 times and not understanding the cost of living crisis. Official HM Treasury costings suggest Labour's revenue measures would generate £6.2 billion annually by 2028-29, or £20.4 billion over four years. The debate took place during the #ITVdebate.
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Similar markets
Income tax threshold freeze maintained • 25%
VAT increase • 25%
National insurance increase • 25%
No major tax changes • 25%
Labour • 33%
Conservatives • 33%
Other • 34%
Labour • 33%
Conservatives • 33%
Other • 34%
Income tax increase • 33%
VAT increase • 33%
National insurance increase • 34%
Income tax threshold freeze maintained • 25%
VAT increase • 25%
National insurance increase • 25%
No major tax changes • 25%
Conservative Majority • 25%
Labour Majority • 25%
Hung Parliament • 25%
Other Party Majority • 25%
Labour's policy more popular • 50%
Conservative's policy more popular • 50%