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Kemi Badenoch would raise taxes too

New Statesman·Will Dunn·about 1 month ago
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Photo by Leon Neal/Getty Images The Conservative Party says it will “ cut tax ” as part of a plan for a stronger economy, and blames Labour for ensuring that, to quote Kemi Badenoch, “more and more people are dragged into higher rates through a stealth tax bombshell”. However, as the latest tax statistics released by HMRC reveal today, that bombshell had already landed in 2024, when the Tories were still in power. The Personal Incomes Statistics  are an annual survey conducted by HMRC that show the real impact of tax policies, after they’ve been enacted. When a Budget is announced we get the forecast; the HMRC figures describe the real, observed effect of tax changes. The data released today covers the year ending in April 2024 – the Tories’ last year in power – and it shows millions of people being pushed into paying more tax by a Conservative government. In that last desperate year of the People’s Socialist Republic of Jeremy Hunt, the total number of people paying tax increased by 2.17 million.…

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