Tax System: Fairness

Part of Treasury – in the House of Commons at on 6 February 2024.

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Photo of Nigel Huddleston Nigel Huddleston The Financial Secretary to the Treasury

My hon. Friend makes an important point. Of course, we never know from day to day exactly what Labour’s policy is, and I understand there are even differences among its Front Benchers at the moment, but we heard a firm commitment, without any promises at all about where the money would come from. We therefore know where it would come from: it would come out of taxpayers’ pockets or further borrowing, which is deferred taxation. Everybody will pay for it.