Ed Balls Giving Speech In Birmingham

The transcript discusses the Labour Party's historical stance on taxes, highlighting a significant event in 1994 when Labour prevented a fuel tax increase. It contrasts this with the current tax situation under the Conservative government, where tax cuts for millionaires have led to higher taxes for working people. The speaker announces a pledge that the next Labour government will not raise VAT, emphasizing its impact on everyday expenses and the most vulnerable populations.

What was the historical context mentioned about Labour's actions regarding tax rates?

What did the speaker promise regarding the tax policy if elected?