Labour's Tax Pledges Under Scrutiny as Election Nears

Keir Starmer and Rachel Reeves promise no rises in VAT, income tax, or national insurance, but questions about funding remain.

• Labour leaders deny plans to increase major taxes, focusing on closing loopholes and increasing efficiency.
• Experts warn of potential £15-25bn funding gap in Labour's spending plans without new revenue sources.
• Jeremy Hunt suggests Labour may resort to stealth taxes or higher VAT to cover fiscal shortfalls.
• Labour's fiscal strategy includes targeting private schools, private equity, and non-doms for additional revenue.
• Both major parties face pressure to maintain fiscal credibility while addressing public service needs.

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