Labour said they would not increase national insurance, income tax or VAT but refused during their election campaign to say if they would raise other taxes.
Tax rises will likely be announced in the autumn budget, chancellor Rachel Reeves has admitted. She said Labour would stick to its election manifesto pledge not to raise national insurance, income tax or VAT. During the election campaign, Labour candidates avoided answering questions on whether other taxes would be increased - and the Conservatives warned that Labour would raise other taxes.
Like inheritance tax, it is one of the taxes that is being most talked about to be targeted. Read more:Rachel Reeves says 'more difficult decisions to come'Chancellor says Jeremy Hunt lied about UK's finances Council tax In the leaked recording from Mr Jones, he said he was frustrated by the 'out of date' council tax system and hinted homes worth over £1m may have to pay more.
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