TaxPersonal TaxTories accused of making up figures

Tories accused of making up figures

Social security secretary Alistair Darling has accused the Conservative Party of promising the electorate savings that do not exist.

This followed William Hague’s pledge to cut £8bn in taxes and match Labour’s spending on education and health if his party wins the next election.

Darling, quoted on the BBC website today, called the Tories’ sums ‘invented’ and said ‘they simply did not add up’.

Hague made his pledge before tommorrow’s Queen’s speech and promised to give more money to pensioners, savers and families. ‘The next Conservative government will be a tax cutting government,’ he said.

Despite Labour’s accusations, the Tories have insisted that crushing bureaucracy will free up funds for schools and the health service. The party plans to use this strategy to make £4.1bn available for education, by going directly to schools and cutting out local authorities.

Other measures include closing the government’s New Deal programme, which helps young people, and single parents find work, and a crackdown on welfare fraud. In this way the Tories claim that they can match Labour’s spending on the NHS.

Hague called his party’s plans ‘the most serious and solid programme of taxation ever offered by a political party’.

Meanwhile, chancellor Gordon Brown was today expected to announce ‘targeted tax cuts’ in a bid to counter shadow chancellor Michael Portillo’s ‘five principles of spending’ tax plans, and his expected attack on Labour’s policies.

Labour’s tax cuts will be focused on working families and the elderly, while they plan to extend their current array of tax credits in April 2001.

Links

Hague declares war on stealth taxes

Hague’s inner city tax boost.

Tories declare war on small business red tape

Related Articles

Inheritance tax is 'unfit for modern society' and should be abolished, says think tank

Personal Tax Inheritance tax is 'unfit for modern society' and should be abolished, says think tank

3w Alia Shoaib, Reporter
Rent-a-room relief – the survey says…

Personal Tax Rent-a-room relief – the survey says…

2m Helen Thornley, ATT Technical Officer
What should the OTS prioritise in its review of inheritance tax?

Personal Tax What should the OTS prioritise in its review of inheritance tax?

4m Alia Shoaib, Reporter
LITRG urges government to consider tax changes in disability work plan

Administration LITRG urges government to consider tax changes in disability work plan

5m Lucy Skoulding, Reporter
HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

6m Emma Smith, Managing Editor
HMRC urged to clarify impact of income allowances on Self-Assessments

Personal Tax HMRC urged to clarify impact of income allowances on Self-Assessments

7m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

7m Emma Rawson, ATT Technical Officer
Wealthy individuals could circumvent top tax rate rises

Personal Tax Wealthy individuals could circumvent top tax rate rises

9m Alia Shoaib, Reporter