The Conservatives issued a poster saying: 'If you think Labour will win - start saving.' It adds: 'Labour plans to increase VAT.'
Rachel Reeves was forced to deny Labour would raise VAT yesterday as both parties traded blows on tax and spending.
Chancellor Jeremy Hunt will today claim that although the Opposition has ruled out increasing income tax and National Insurance, they have not dismissed raising VAT, the tax on goods and services, which is 20 per cent at present. But Shadow Chancellor Rachel Reeves said: 'This is absolute nonsense. Labour will not be increasing income tax, National Insurance or VAT. I want taxes on working people to be lower not higher.'
Meanwhile, Labour held an 'emergency' Press conference in which the party's Treasury spokesman Darren Jones claimed the Tories had made £71billion of unfunded spending commitments.
News HMRC Labour Jeremy Hunt VAT Rachel Reeves Conservatives
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