Ed Balls Giving Speech In Birmingham

The transcript discusses the Labour Party's historical stance on taxes, highlighting a significant event in 1994 when Labour prevented a fuel tax increase. It contrasts this with the current tax situation under the Conservative government, where tax cuts for millionaires have led to higher taxes for working people. The speaker announces a pledge that the next Labour government will not raise VAT, emphasizing its impact on everyday expenses and the most vulnerable populations.

What significant action did Labour take regarding VAT in 1994?

• They increased VAT to 20%

• They abolished VAT on luxury goods

• They introduced a new VAT rate for businesses

• They prevented a VAT increase on fuel and energy

Under the Conservative government, who benefited from a significant tax cut?

• Public sector workers

• Middle-class families

• Small business owners

• Millionaires

What is Labour's stance on raising VAT in the future?

• They plan to increase it gradually

• They will not raise it

• They will raise it only for luxury items

• They will extend it to all goods

Which items did Labour pledge not to extend VAT to?

• Imported goods

• Luxury cars

• Electronics

• Children's clothes and books

Why does Labour consider VAT a significant tax?

• It generates the most revenue

• It is easy to collect

• It affects everyone daily

• It is only applied to luxury items