David Cameron has announced today that he plans to introduce legislation guaranteeing a freeze in tax rises until 2020, if he wins next week’s election.
This newest pledge from the Tory’s will mean that there will be no rises in income tax rates, VAT or national insurance before 2020.
The leader of the Conservatives has said that the pledged legislation would be brought into force in the first 100 days of assuming office, of the next parliament.
Labour leader Ed Miliband has said that VAT is expected to go up and this pledge is just a “gimmick”.
He added that Tory pledges to decrease the welfare budget would mean there would have to be cuts to tax credits.
The Lib Dems have argued that voters will not believe this pledge from the Tory’s unless they can say exactly where they would cut public.
Mr Cameron said, “I know we can do what needs to be done, and it can be done without reaching into the wallets of hard-working people.”