At this election you are putting your trust in the people who are going to tax and spend your money in the coming years. You have a right to know how, and how much. Thread: #GE2019 #CostOfCorbyn
Independent experts have again confirmed today that Corbyn’s plans would mean millions more people paying higher taxes – leaving his manifesto promises in tatters. dailymail.co.uk/news/article-7… /1
Asked about this today Corbyn deflected by falsely claiming that Labour's manifesto is fully costed. But they have only costed one year, underestimated various costs, ignored depreciation of assets, pretended nationalisations are magically free... /2
...and that was before announcing another *£58 billion* just two days later! /3
Labour’s manifesto confirmed the £1.2 trillion price tag - but that doesn't even include 59 commitments that they left out of their own costings. So £2400 extra tax per person per year is likely a underestimate of the #CostofCorbyn. /4 conservativehome.com/parliament/201…
You don't need to know every detail of this to know there's a real problem with trust here. Just look at how their story keeps changing /5
They have also *already* broken their new (and much looser) fiscal rules by tens of billions – that’s not even debatable. Corbyn and McDonnell simply don’t have any credibility left. /6
Rhetoric about rich people won’t pay the bills. Labour will have to tax the many not the few. They have already admitted six tax rises that will hit millions of people: /7
Now they are refusing to say which other taxes they will hike to fill the huge blackhole in their spending. Based on previous statements, these six are most likely. If not these - then which? /8
Given their objection to inheritance, their tax hikes will likely stop sons and daughters from inheriting family businesses too.
smallbusiness.co.uk/sajid-javid-wa… /9
There is much more detail on how these stealth taxes will affect you on our updated website. Don’t let them get away with it. Take a look and share it around: CostOfCorbyn.com #CostOfCorbyn /10
Every vote for Labour risks an economic crisis by Christmas - and that will affect the poorest more than anyone. We’ve been warned, and we’ve got just two weeks to stop it happening. /end #GE2019
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