Why Labour and the Conservatives think they can improve the country without raising taxes – and why it’s a gamble

By Shampa Roy-Mukherjee, Vice Dean and Associate Professor in Economics, University of East London

Both the Conservatives and Labour have made the same pre-election promise not to increase taxes on working people. They’ve also made many other promises to improve the NHS, crack down on illegal immigration, build more houses and many other things. So how do they think they can do these things without raising taxes?

The short answer is that they are gambling on being able to grow the economy so they have more money to pay for new things. But that’s easier said than done.

The two main parties have pledged not to raise the rates of the biggest three sources of tax: income…

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