Coalition of chaos will squeeze Scots dry, say Tories
SCOTS would pay an extra £3,180 tax under a Labour and SNP ‘coalition of chaos’, the Tories claimed last night – and branded the huge bill the ‘worst Christmas present any hard-working taxpayer has ever received’.
Economic experts have warned that Labour’s tax and spend plans could ‘bankrupt Britain’, while the Nationalists have already made Scotland the highest-taxed part of the UK.
Now, new analysis by the Tories highlights the combined impact of Labour and SNP tax policies.
They say that hard-working families have already been hit for £500 million by the SNP’s income tax rise, while a further £100 million has come from the party’s council tax hike.
On top of that, the SNP’s workplace parking levy will raise an estimated £42 million, while Scotland’s share of Jeremy Corbyn’s capital gains tax rise would cost £387 million.
Increased corporation tax would cost Scots firms £2.2 billion, with Mr Corbyn’s plan to scrap the married couples’ tax allowance raising an estimated £44 million in Scotland.
Meanwhile, a rise in inheritance tax would net a further £38 million from Scots and North Sea oil companies would be hit with an £11 billion windfall tax, according to the Labour manifesto. That amounts to an extra £14.3 billion raised from higher taxes on Scots workers, businesses and families – which the Tories say is the equivalent of £3,180 from every adult living in Scotland.
Scottish Tory leader Jackson Carlaw said: ‘The unholy alliance of Sturgeon and Corbyn would squeeze Scots dry.’
But SNP economy spokeswoman Kirsty Blackman said: ‘The Tories will always prioritise the rich over the poor. If we had followed their lead on tax policy, we would have £500 million less to spend next year on the NHS and vital services.’