Conservatives leader dashes hopes of tax cuts

David Cameron has signaled tax cuts are an unlikely priority under a Tory party government, and said if elected, public spending would be cut and taxes may even rise.

The Conservatives leader made the remarks on the BBC’s Andrew Marr Show yesterday, according to tax-news.com

He also hinted that wealthy taxpayers would have to 'pay their fair share', and said savings could be made in the tax and benefits system, including to tax credits for higher income earners.

'Tax credits we support. We think they are a good idea to get payments to working families on low incomes. But they do go to families who earn over £50,000, so we have to look at that,' he said.