Listening to LBC poised for Labour deceit...
Not going in the direction I thought it was - never mind, here's FullFact instead...
Tax
"Jeremy Corbyn also said Labour’s manifesto was costed with" -
“No increases in VAT or income tax or National Insurance for anyone earning less than £80,000."
“There is no increase for 95% of taxpayers.”
"But that doesn’t mean Labour plans no tax rises whatsoever for these people, because there’s more to tax than just VAT, income tax and National Insurance."
"For example Labour’s manifesto commits to scrapping marriage allowance, a policy introduced in 2015 which gives a tax break to couples with a combined income of under £62,500."
"In 2018/19, 1.78 million people claimed marriage allowance at a cost of £485 million."
"Apart from that there are various other taxes that could affect people with salaries of under £80,000."
"Labour has pledged to reverse cuts to inheritance tax made by the Conservatives since 2017, which allowed people to pass on an amount of property tax-free, in addition to the existing £325,000 tax free allowance which applies to all assets."
"Labour also plans to put corporation tax back up to 26%, following reductions over the past nine years."
"We typically think of corporation tax being associated with large companies, but corporation tax is paid by all limited businesses."
"Around one million UK businesses in 2017/18 had a corporation tax bill of up to £10,000, meaning in most cases their profits would have been no higher than £53,000."