Election latest: Nigel Farage demands to be included in leaders' event after Reform pulls ahead of Tories in poll (2024)

The Conservatives are claiming Labour is "secretly planning" 18 tax rises.

Although it is very fair to say Labour has not explicitly ruled out a number of these, there is no mention of most in their manifesto.

They have also been clear they will "not raise taxes on working people" - which includes national insurance, thebasic, higher, or additional ratesof income tax, and VAT.

Let's take a look at the detailed list the Tories have put out, and what Labour have said:

1. The new state pension being dragged into income tax for the first time in history

The Conservative Party has frozen tax thresholds, and the basic state pension is continuing to rise to the point where pensioners will soon need to pay income tax on it.

As a result, Rishi Sunak is pledging to raise the threshold for pensioners so they never have to pay tax on the state pension.

Labour has not committed to doing the same - although they have not criticised the substance of the policy either.

2. Ending the 25% tax-free lump sum

This is about private pensions, and it means pensioners can withdraw a lump sum and not pay income tax on the first 25% of it.

Labour has not said they will end this policy, and nor is it mentioned in their manifesto.

3. Making tax relief on pension contributions less generous

Labour has not said they will end this policy, and nor is it mentioned in their manifesto.

4. Extending national insurance to employer pension contributions

Labour has not said they will end this policy, and nor is it mentioned in their manifesto.

5. Increasing the number of council tax bands

Labour has not said they will end this policy, and nor is it mentioned in their manifesto.

6. Undertaking an expensive council tax revaluation, as Labour have already done in Wales

The Welsh Labour government in Wales has undertaken a revaluation of homes for council tax purposes - but the implementation of the change has been postponed until 2028, after the next Senedd election.

UK Labour has not said if it has any plans to do this in England, and nor is it mentioned in their manifesto.

7. Cutting council tax discounts, as Labour is currently doing in Wales

As part of a shake-up of the council tax rules in Wales, changes to the discounts were explored, but this has also been postponed until 2028.

UK Labour has not said if it has any plans to do this in England, and nor is it mentioned in their manifesto.

8. Applying capital gains tax to family homes by ending Private Residence Relief

Labour has not said they will do this, and it is not in their manifesto.

9. Increasing the rate and level of stamp duty

Labour has said they will raise stamp duty for purchases of residential property by non-UK residents only by 1% - but they have not said they will increase it across the board.

10. New levies or charges on bills while accelerating the rollout of renewables

Labour has not said they will add any new levies or charges.

They have explicitly stated that the aim of their green energy investment plan - funded by a windfall tax on oil and gas giants - is to reduce bills for households.

11. Increasing capital gains tax

Labour have not said they will raise capital gains tax overall, although they are planning to make a change so that performance-related pay in the private equity industry is treated as income, rather than capital gains.

12. Increasing employers' national insurance

Labour have not said they intend to do this, although it is not mentioned in their manifesto.

They have explicitly ruled out increasing the national insurance that employees pay.

13. Ending the Enterprise Investment Scheme

Labour have not said they will do this, and it is not mentioned in their manifesto.

14. Cutting or ending the Seed Enterprise Investment Scheme

Labour have not said they will do this, and it is not mentioned in their manifesto.

15. Ending Venture Capital Trusts

Labour have not said they will do this, and it is not mentioned in their manifesto.

16. Ending Business Asset Disposal Relief

A Labour source told The Times newspaper in September last year that this was being examined, but it is not in the party's manifesto.

16. Ending Agricultural Property Relief and Business Relief

Labour have not said they will do this, and it is not mentioned in their manifesto.

18. Maintaining the expanded ULEZ zone in Outer London and expanding road pricing beyond London

This is not technically a tax, nor is it controlled by the Treasury.

The ULEZ scheme was first proposed by ex-PM Boris Johnson, and has been implemented by the London mayor, Labour's Sadiq Khan, who controls transport policy independent of national government.

The party has not said it will expand road pricing beyond London, and nor is it mentioned in their manifesto.

Election latest: Nigel Farage demands to be included in leaders' event after Reform pulls ahead of Tories in poll (2024)

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