There are Lies, Damned Lies….and Election Manifestos
First, please accept my apologies for butchering Disraeli’s old quote....however, needs must…. The reason for re-hashing it in 2026 is the vexed question of whether Labour breached their 2024 election manifesto as a result of Reeves’ 2025 budget measures (mercifully her last!), followed by Healey's in 2026. The point at issue is whether Reeves’ application of a 2p surcharge above the rate for earned income to the rates for both Rental and Savings income, followed by Healey's application of an additional 2p, actually constituted a double manifesto breach. What it essentially comes down to is the exact wording of the document in question. The Labour Manifesto of June 2024 explicitly states on p19 of the document: “ …we will ensure taxes on working people are kept as low as possible. Labour will not increase taxes on working people, which is why we will not increase National Insurance, the Basic, Higher, or additional rates of Income Tax , or VAT.” The fact that the w...