Labour have announced a clear pledge to the British people:
- The next Labour government will not raise VAT.
VAT is the tax that hits everyone – with the same rate paid by the pensioner as the millionaire. It is the tax that every Tory government in the last forty years has raised. But no Labour government has ever hiked up the main rate of VAT.
So we will not put up VAT. And we will not extend it to food, children’s clothes, books, newspapers and public transport fares.
We will make our tax commitments in full in our manifesto. But we are clear that while millionaires have been given a huge tax cut, working people are paying more in tax after the last five years of the Tories.
The Tories can't be trusted when it comes to VAT. Time and time again they have made pre-election promises not to increase VAT or extend its scope, only to break them as soon as they are back in power. They've done it before. They'll do it again.