Conservative Home are carrying a story on a perceived Ed Miliband's £1,373 tax bombshell. It states;
'Tonight Matt Hancock has returned to the attack, accusing the new Labour leader of needing £35bn of tax rises to meet his plans.
* £35bn of tax rises means £1,373 per household...
* Equivalent to 7p on Income tax or VAT of 25% or £1.59 on every litre of petrol.'
This is based on what Ed Miliband stated while running for the Labour leadership using both the governments deficit reducing measures that he opposes and the spending promises he made. But to be honest I think this no basis for a Labour government policy.
Yes They may be more likely to increase taxes and cut less. But they also plan to do this over a longer period. I thinks its fair to argue that Labour would have to tax more but not coming up with some superficial figure.
Matt Hancock MP really has no idea what Ed Miliband and Labour will plan to do in government, this is just scare tactics. This is the sort of rubbish that turns people off from politics and I wish parties and MP's would leave this rubbish to the newspapers.
