Tony Blair predicts £50bn Labour tax raid

Tony Blair predicts £50bn Labour tax raid

Sir Tony Blair has warned that Sir Keir Starmer will have to put up taxes by more than £50 billion unless he comes up with radical new ways to improve productivity. The chief economist at the former prime minister’s institute forecast that taxes would have to go up by 1.9 percentage points of GDP by the end of the Parliament to stabilise debt. Tax rises would also be needed to meet increasing health costs caused by an ageing society, to …