Chancellor Jeremy Hunt warns voters about Labour's tax plans

Key Points:

Chancellor Jeremy Hunt cautions against trusting Labour's promises on taxation, stating that taxes will increase if they come into power.

Hunt criticizes Labour's lack of plans to reduce the tax burden and highlights the need for a competitive economy.

Labour faces scrutiny over a £12 billion gap in funding for their green energy plan, prompting questions about tax increases to cover the costs.

Highlighting the Differences in Tax Policies

Chancellor Jeremy Hunt is set to make a stand on economic issues, warning voters not to believe Labour's claims about taxes. He emphasizes that under a Labour government, taxes will rise while a Conservative government aims to keep them competitive.

Labour's Spending Plans Under Scrutiny

The spotlight is on Labour's financial proposals as concerns arise over a significant gap in funding for their green energy plan. Questions are raised about potential tax increases to bridge the £12 billion deficit.

Labour's Response

Labour defends their position, stating that the cost of their energy plan is fully covered by a windfall tax on profitable oil and gas companies. They dismiss the criticism as a misunderstanding.

Overall, the clash over tax policies and funding plans sets the stage for a heated debate on economic issues in the upcoming elections.