This is the best summary I could come up with:
Launching a new campaign poster on Friday, Labour’s shadow chancellor Rachel Reeves made a claim about how much tax people will be paying this year.
“Working people are worse off under the Tories - £1,200 for an average family extra tax this year because of choices by Rishi Sunak and this Conservative government.”
Labour confirmed that the £1,200 figure came from research by the Resolution Foundation, focusing on living standards.
This is based on the November predictions by the Office for Budget Responsibility, which makes forecasts for the government:
For an employee on average full-time earnings of about £35,000, the two factors roughly cancel each other out this year, according to the independent economic think-tank, the Institute for Fiscal Studies (IFS).
Prime Minister Rishi Sunak spoke about tax cuts in an interview on Friday.
The original article contains 436 words, the summary contains 134 words. Saved 69%. I’m a bot and I’m open source!
Missing some relevant info here:
- The error was that the resolution foundation figure was an estimate for the tax year 2028-29
- The two factors that cancel out in this coming year are the rise in personal tax, combined with the cut to national insurance.
