The Institute for Fiscal Studies (IFS) has criticized both the Conservative and Labour parties for their lack of transparency on tax policies. The think tank has accused both parties of making unrealistic claims and promises regarding taxes, as well as making pledges for the National Health Service (NHS) that are essentially unfunded. The IFS has called out what they describe as a "conspiracy of silence" from both parties when it comes to addressing the issue of taxes and funding for public services.

In the lead-up to the 2024 elections, the various political parties have put forward their proposals on tax cuts and government spending. Each party has outlined their stance on these key economic issues in their manifestos, with promises of tax cuts and increased spending to attract voters. The parties have presented their plans for tax cuts, with some proposing reductions in income tax rates, corporate tax rates, or other forms of tax relief. These proposals are aimed at stimulating economic growth, encouraging investment, and putting more money back into the pockets of individuals and businesses. However, the question remains whether these tax cut proposals are fully costed. It is essential for parties to provide detailed explanations of how they plan to fund these tax cuts and ensure that they do not lead to budget deficits or cuts in essential services. Voters should scrutinize the manifestos of each party to understand the implications of their tax cut proposals and how they plan to finance them. It is crucial for parties to be transparent about the costs and benefits of their economic policies to enable voters to make informed decisions at the polls.