Chris Leslie, Labour’s Shadow Chief Secretary to the Treasury, responding to Lib Dem claims over Labour’s economic plans, said:

“Nobody will trust the Lib Dems on tax again. They broke their promise not to raise VAT on families and pensioners and backed the Tory tax cut for millionaires.

“For all their claims, the independent Institute for Fiscal Studies says families have lost £1,100 a year on average when all this government’s changes are taken into account - including the changes to the personal allowance. Like the Tories, the Lib Dems give with one hand but take much more with the other hand.

“Labour’s plan will back working people with fully funded tax cuts and reverse the Tory and Lib Dem tax giveaway for millionaires to balance the books in a fair way.”