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Labour WILL need to raise taxes if it wins the election and wants to avoid cutting public services,...

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Rishi Sunak and Sir Keir Starmer clash during PMQs in the House of Commons. The Labour leader tore into former Prime Minister Liz Truss amid her book launch and took aim at the PM's family tax affairs, while Rishi trained his sights on Angela Rayner.

Labour will have to raises taxes yet further to maintain the UK's current level of public spending if it wants to avoid adding to the UK's already huge debt mountain, experts warned today.

Martin Mikloš, the IFS' research economist, said: 'Countries can and do make very different choices about the size of their state – but choosing a higher level of spending without a commensurately higher level of taxation is not costless and is unlikely to be sustainable in the long term.' Labour leader Sir Keir said the Conservatives' 'obsession with wild, unfunded tax cuts' crashed the economy.

'I was right then but I am also right now when I say that his economic policies would be a disaster for Britain.'

News Rishi Sunak Conservatives G7 Labour Keir Starmer IMF

 

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