Fraser Nelson, the magazine’s editor, said they were “nonsense figures with fake attribution” - and said the Conservatives would need to put taxes up by £3,000 using the same methodology.
The Office for Budget Responsibility says the Tories plan to increase taxes to 37.1 per cent of GDP by 2028/29. So the 0.6-point increase works out at £20 billion more tax raised in that year than if the tax/GDP ratio had stayed flat.
“Is it the party that has taken us through all those extreme difficulties, that has now got inflation down, has got real wages growing in each of the last 10 months, is putting up the national living wage to look after those at the lower end of the earnings distribution and so on.
Rishi Sunak Conservative Party Tax
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