Labour branded the Tories “the party of high taxes” - and warned the average household would still see a £3,000 increase, despite the Chancellor’s 1p cut in income tax.
Labour ’s analysis of the OBR figures found that on average, households will still be hit by the Chancellor’s tax rises of £3,000 by 2026/27 – even with the cut in income tax of 1p in 2024.
Shadow Chancellor Rachel Reeves said: “The Conservatives are the party of high taxes, because they are the party of low growth and wasteful spending.
