The Conservative pledge on Tax

This morning,  writing in The Daily Telegraph, the Chancellor confirmed under the Conservatives, we will not increase the rates of income tax, National Insurance, or VAT, and we will focus on cutting the unfair double tax on work. 

We are the only party with clear plan to cut taxes for working people, by taking bold action to secure your family finances. 

  • The Conservatives will take bold action to cut taxes. We will cut National Insurance until it is gone whenever it is economically responsible to do so, making work pay, and our Triple Lock Plus will keep the State Pension free from income tax, supporting those who rely on it in retirement. Labour cannot say the same.
  • There are big choices facing the country at this election, not least on the economy. After the turbulent years of Covid and the energy crisis caused by Putin, Rishi Sunak has restored stability to the economy, meaning we have been able to cut taxes. When it’s affordable, we will continue to cut this double tax on work until it’s gone – and we hope to make further progress in the next Parliament. And today we rule out increases in the rates of income tax and VAT.

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