It is a truism in British politics that the Conservatives are the party of low tax while Labour does the spending. But an Ipsos poll for the Standard reveals that Labour has overtaken the Tories as the best party for tax by 32 to 25 per cent, a reversal since December 2019.
It is not difficult to see why this might be. In the last few weeks the Chancellor has raised National Insurance and, as we revealed yesterday, is set to drag hundreds of thousands of Londoners into the higher rate of income with his freezing of thresholds. Meanwhile, energy companies enjoying vast profits have thus far avoided a windfall tax.
