Wondering how each party plans to run the economy? Look no further.
Each party’s taxation plans explained One of the key battlegrounds in the 2024 General Election – and every general election for that matter – has been the issue of taxation. Parties across the political spectrum are keen to set out their vision for the economy, with plans to cut and spend dominating the agenda.
Overall, Labour has extremely cautious when it comes to revealing how their taxation plans would differ from the Tories. ‘Shadow Chancellor Rachel Reeves previously told reporters: ‘I want taxes to be lower, but I’m not going to make any commitment where I can’t say where the money is coming from. I will only announce those changes when we can afford to do so’.
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