How do Tory and Labour financial election pledges stack up?
By , 5 Jun 17
With only a few days to go until the results of the 2017 snap UK election are revealed, we looked at the Tory and Labour party manifestos to see how their pledges on business, tax and pensions stacked up.
Labour has pledged to tax ‘high-earners’ on salaries of £80,000 or more at the 45p rate, with those earning upwards of £123,000 will be taxed 50% under the plans.
Notably, the party has said it will increase corporation tax by more than a third in order to raise £19.4bn.
While the Tories have pledged to reduce the tax to 17%, Labour have proposed an increase to 26%, sill 2% less than the level was in 2010 as well as a harder crackdown on people avoiding tax.