
There is speculation that VAT might be raised. We are already paying more VAT than most other countries and we believe the British public cannot handle any further price increases. Businesses are struggling as it is and raising VAT could cause further damage to our economy.
Rachel Reeves
Chancellor
Do not introduce any new taxes or increase any existing taxes
Reduce the standard rate of VAT to 15%
Remove all VAT on applicable Licensed Taxis
Remove VAT on all public utility bills
Do not implement the business rate increases planned for April 2026
There is speculation that VAT might be raised. We are already paying more VAT than most other countries and we believe the British public cannot handle any further price increases. Businesses are struggling as it is and raising VAT could cause further damage to our economy.
Do not introduce any new taxes or increase any existing taxes
Reduce the standard rate of VAT to 15%
Remove all VAT on applicable Licensed Taxis
Remove VAT on all public utility bills
Do not implement the business rate increases planned for April 2026