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Cameron: Conservatives would ban tax rises until 2020

Family finances have taken centre stage in the General Election battle, with David Cameron pledging not to increase the three main taxes paid by households.

Mr Cameron is promising legislation to guarantee a "tax lock", banning rises in the rates of income tax, VAT or national insurance until May 2020.

Labour and the Lib Dems dismissed the pledge as a "gimmick".

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Labour and Lib Dems: Tory tax pledge 'a gimmick'

The Conservatives pledge to introduce a law guaranteeing no rise in income tax rates, VAT or National Insurance before 2020 is a "gimmick", Labour and the Lib Dems have said.

Labour Treasury spokesman Chris Leslie said: "This is a desperate last-minute gimmick from the Tories which nobody will believe a word of. David Cameron broke his promise not to raise VAT last time and if he gets the chance he'll do the same again."

A Liberal Democrat spokesman said: "This is yet another gimmick from David Cameron to deflect attention from the fact that the Tories have abandoned the plan followed by the coalition and instead want to slash and burn support for millions of families.

"The only reason David Cameron would need to pass a law like this is if he can't trust his own Chancellor to make their plans add up.

"The Conservatives have consistently refuse to come clean about their plans, it's time for them to be honest about what they intend to do."

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