CONFIRMED: Labour’s budget of broken promises has just raised taxes on working people. Labour told us they had no plans to raise taxes more than 50 times during the election.
Today Labour have revealed that they did not tell the truth to the British people, with a Budget that contains broken promise after broken promise and unleashes an enormous tax and borrowing spree.
Labour promised they would not raise taxes on working people, but they have imposed a £25 billion tax on working people by increasing National Insurance, as they raise the tax burden to the highest level in our country’s history.
Labour promised they would not increase borrowing, but they have hiked borrowing by billions of pounds in every year of the Parliament, which the OBR says will push up inflation and mortgage rates, hammering working people.
There is a fundamental truth at the heart of this Budget that Keir Starmer and Rachel Reeves had always planned to raise taxes, let borrowing rip and break their promises. They just didn’t have the courage to tell the British people at the election…
