Tory tax cut will give £1,500 to 700,000 working families

JEREMY Hunt yesterday promised parents a £1,500 post-election giveaway as the Tories vowed to "reduce the burden on families".

- Martyn Brown

The Chancellor said 700,000 households will benefit as he announced a doubling of the threshold at which people pay the child benefit tax charge, from £60,000 to £120,000.

It comes amid claims Labour could clobber families with a slew of tax hikes to boost public services.

Shadow Chancellor Rachel Reeves is coming under mounting pressure from party frontbenchers to raise capital gains tax in her first autumn budget if Labour wins the General Election next month.

She is also mulling over up to 12 new revenue-raising measures, it was said yesterday.

Ms Reeves is understood to favour a "kitchen sink" approach releasing all the bad news at once in order to raise tax income and pursue radical reform.

Scrutiny over Labour's plans has intensified after Rishi Sunak claimed Sir Keir Starmer could put taxes up by £2,000 per working household.

Labour branded that a lie.