Labour campaigned on the economy during the election and took the line: “no tax rises for working people“. Reeves and party spokesmen said:

• “Working people are those people who go out and work and earn their money through hard work.”
• “There are people who do have savings, who have been able to save up & those are working people as well.”
• “Working people are also pensioners that have worked all their lives and are now in retirement, drawing down on their pensions.”

Labour constantly attacked the Tories for raising taxes and pledged not to raise them “on working people“. Three weeks later that one’s dead in the water…

Rachel Reeves tells The News Agents that “we will have to increase taxes in the budget“. According to their own definition the taxes Labour is teeing up will break its manifesto promise…