"In an interview with Sky News, also in September 2023, Sir Keir was reported as ‘refusing to guarantee the tax burden – currently the largest since the Second World War – would not increase under Labour.’
He told Trevor Phillips: I want the tax burden to come down, particularly on working people … but I also am absolutely focused on growing the economy.”"
Seems somewhat contradictory
![Rolling Eyes :roll:](./images/smilies/icon_rolleyes.gif)
We know taxes are set to increase a) vat on private school fees, b) remove non-domiciled tax loophole, c) crack down on tax evasion and avoidance.
However presumably peoples behaviour will change, the unintended consequences. Parents who can't afford the extra 20% plus inflation on school fees, will put their kids in state schools.
Non doms might leave the country, without capital controls. Talented executives may leave the UK. So these measures will take on less than expected
Cracking down on tax avoidance is being done by hmrc anyway. Tax avoidance is legal. Not sure whether this will bring in anything meaningful?
I'd guess they will announce shortly after bring elected that the finances of the country are worse than they thought, the Tories have wrecked the economy, and tax increases are required.
I'd expect next - the low hanging fruit - top rate of income tax back to 45%, remove higher rate tax relief on pensions, allign CGT rates with income tax rates, and double council tax on second home owners.
Later - possibles - wealth tax, land value tax increase business rates, council tax rises for home owners, increase top rate income tax to 50%.
I'd say these likely if going to "properly fund" public sector. Otherwise be no different to now undervthe Conservatives. Do you agree? Thanks, Adam