The chief secretary to the treasury has accused Labour of pretending it can fund its manifesto without costing most taxpayers, after Jeremy Corbyn said the funds would come from companies and the top five per cent.
Rishi Sunak told talkRADIO’s Julia Hartley-Brewer “it will be everybody who pays the price in their wallets.”
“Independent economic experts used words like ‘vast’, ‘colossal’ and ‘unprecedented’ to describe the scale of Labour spending plans,” he said.
“They also said Labour can’t pretend that you can fund all of that with taxes just on companies and rich people. It will be everybody who pays the price in their wallets.”
Mr Corbyn said if elected Labour would increase public sector pay by five per cent from April 2020, and raise the national minimum wage.
He said the proposals would be paid for with an increase in corporation tax and a higher tax rate for individuals earning more than £80,000 per year.
Labour election candidate Peter Dowd has defended the manifesto as in line with the rest of Europe.
“Here we are coming along with direct investment in our economy and our public services and our capital spread over a ten year period,” he told talkRADIO.
“Suddenly the world’s going to fall in because the British are doing something that the rest of Europe has been doing for years.”
Meanwhile, the Liberal Democrats and Brexit Party have weighed in on their plans for a coalition should the Conservatives or Labour fail to reach a majority.
Liberal Democrat candidate Christine Jardine said Labour had released an “outlandish manifesto”, and ruled out a coalition with either party.
“We are looking at gaining seats for the Liberal Democrats, we’re the only people who can actually stop Boris Johnson because we are the only party which are standing against the Tories, which are standing against Brexit,” she told talkRADIO.
Brexit Party MEP Lance Forman has acknowledged his party will be unable to form a majority, but could be an important player in a coalition government.
“The Brexit Party will not be the government, we will get some MPs and we will be supporting hopefully a Tory government that will get Brexit through and that’s really our main aim here is to hold the Tory Party’s feet to the fire,” he told talkRADIO.
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