JM said
“Anyone believing any extra tax will be only paid by the top 5% and corporations is in for a rude awakening if Labour get in.”
Wonderful.
I said it as well. As have many economists. What McDonnell is trying to do is give the impression that people don’t have to worry as only the top 5% will be asked to pay more income tax and NI. They couldn’t fund their plans anywhere near. So other taxes will go up, and, as we know, taxes on goods and services affect the less well off proportionately more than the well off.