Theresa May to consider tax increase after June 8 election

Due to the controversies surrounding the Tories attempted efforts to break the promise made in their manifesto not to increase tax, the PM Theresa May has to make the issue of taxation part of her election campaign.

She made this known, during and answer in while in Dudley for her electioneering campaign, and challenged the UK voting public to take a deep look at the Tories’ history as it affects taxation within the past seven years.

While addressing some newsmen, the PM made it clear that the Conservatives "always has been, is, and will continue to be" a party that believes in lower taxes for working people.

According to official record, about four million people have been stopped from paying taxes as a result of government’s policies and regulations, while 31 million people have had their tax bill reduced.

The PM was also asked if her part’s manifesto would include guaranteeing to keep intact the "triple lock" on state pensions that ensures an increase of at least 2.5% every year.

Despite all the pressures pressed on her to comment on the issue, Mrs May again refused to make such a guarantee, but claimed pensioners had become £1,250 better off under the Conservatives, a record which is far higher than what Labour governments of the past had offered annually with a rise of just 75p one year.

In a similar vein, Jeremy Corbyn has sworn to keep the triple lock if a Labour government is elected.

When asked by Sky's Gerard Tubb whether he would promise not to raise VAT or income tax, the Labour leader said: "The Tories are handing £70bn back in tax to big business and corporations.

"We won't do that. We will instead reverse those tax cuts for the corporations and big business in order to fund the social changes we want to bring in this country.

"Our tax burdens will not fall on those with low incomes. They will fall on those with the broadest shoulders who can bear the greatest burden."

The issue of taxation became a serious issue due to Chancellor Hammond’s recent statement while in the US where he said, the UK government could no longer manage the country’s economy effectively, because of the constraints the government is faced with that is caused by the Tories manifesto.