Isabel Hardman Isabel Hardman

The tricks being played over a VAT rise

Today’s Treasury Questions was a bit odd, not least because neither George Osborne nor Ed Balls were there, so everyone seemed to be quite keen to get the thing over with. Labour’s latest line of attack is to force Treasury ministers into ruling out or obfuscating over whether or not a Tory government would put up VAT after the General Election.

Here is the first exchange, between Shabana Mahmood and David Gauke:

Shabana Mahmood:

‘The Minister has failed to rule out another tax cut for the richest 1% of earners in our country. As he signalled in his answer, the Prime Minister has made £7 billion-worth of unfunded tax promises for the next Parliament. We did not find out in the autumn statement where the money is coming from to pay for these promises, so unless the Minister can stand at the Dispatch and categorically rule out raising VAT again, will not people just conclude that the only way the Chancellor can pay for his unfunded tax promises is with another Tory VAT rise?’

David Gauke:

‘Our plans do not require us to raise taxes.

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