David Cameron, the Prime Minister, has ruled out any increases in Income Tax, VAT or National Insurance if the Conservatives win the General Election.
The Prime Minister said that the Government would legislate within 100 days of the General Election to enshrine in law no tax increases by 2020.
In a speech he said:
“When it comes to your tax bill, do you trust the people who taxed you to the hilt when they were in power and still haven’t come clean about the taxes they want to increase next time round?
“Or do you trust the Conservatives, who have cut income taxes for 26 million people, and who will cut your taxes again next time?”
A Labour spokesman said that they expected the Conservatives to increase VAT.