Wednesday 19 June 2019 / 7:21 PM Economy / John McDonnell

New analysis confirms Tories’ tax cut plans would benefit the wealthy few – John McDonnell

John McDonnell MP, Labour’s Shadow Chancellor, commenting on analysis by the New Economics Foundation showing Johnson, Hunt and Javid’s tax proposals would increase the number of families in poverty by at least 50,000, said:

“This analysis confirms what we knew – that the Tories’ tax cuts plans would mainly benefit the wealthy few, as well as depriving public services of much needed resources.

“After nine years of suffering through austerity, Labour will properly fund our public services and ask the wealthiest and corporations to pay more to fund it.”