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Will UK tax rates increase under Labour government by end of 2024?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Official UK government budget statements or HM Treasury reports
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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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Less than £5 billion • 33%
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