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Tories pledge 5-year ‘tax lock’

The Conservatives will introduce a five-year “tax lock” on income tax, VAT and national insurance if they win the general election.

Prime minister David Cameron is to pledge legislation within 100 days of assuming office to ensure the taxes do not rise in the next Parliament, the BBC reports.

Cameron will say: “This is the clearest choice on the economy for a generation.

“And beyond the plain facts, it also comes down to gut instinct. When you’re standing in the polling booth, ask yourself: on the things that matter in your life, who do you really trust?

“When it comes to your tax bill, do you trust the people who taxed you to the hilt when they were in power and still haven’t come clean about the taxes they want to increase next time round?

“Or do you trust the Conservatives, who have cut income taxes for 26 million people, and who will cut your taxes again next time?”

Labour dismissed the promise as a “desperate last minute gimmick”.

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