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

The reason we have had to raise taxes is £350 billion of support during the pandemic, which I did not hear the Opposition oppose, and an additional £100 billion to help people during the cost of living crisis, which I did not hear the Opposition oppose. We therefore had to increase taxes out of necessity, but we reduce them out of choice, which is exactly what we are doing. Labour increases taxes out of necessity and then continues to increase them out of choice.