Labour will not raise taxes on working people

Labour will not increase income tax, national insurance or VAT. Unlike the Tories, we have been clear about how we will pay for our first steps in government: by making the tax system fairer.

• Ending tax breaks for private schools, which exempt them from VAT and business rates.

• Closing the loopholes which allow some ‘non-dom’ mega rich people who live in the UK to avoid paying tax.

• Introducing a proper windfall tax on the huge profits the energy giants are making.

We will deliver economic stability with tough spending rules, so we can grow our economy and keep taxes, inflation and mortgages as low as possible.