FactCheck takes a look.
Labour has costed a number of potential Conservative policies, saying the amount is “£71 billion worth of pledges Rishi Sunak has already promised”.Labour’s figure claims to cover costs the country would incur under the Conservatives in the final year of the next parliament, i.e. just before the next election is scheduled in 2029-30.A large part of the £71bn figure is what Labour claims is a £46 billion commitment from the Conservatives to abolish National Insurance Contributions.
But like Labour said, this calculation is based on an assumption – as the Conservative party has not confirmed it will do this.Also on the topic of tax, Labour has calculated a Conservative spend of £7.7bn a year to end what Jeremy Hunt describes as “distortions” in the tax system. The Conservatives’ National Service plan is also included in Labour’s dossier – but the party has worked out the cost based on questionable assumptions.
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