Prime Minister David Cameron has claimed to be a 'tax cutting ' politician . Reputation under fire after the revelation by the Institute for Fiscal Studies . It discovered tax rises totalled £64.3billion - including £14billion VAT hike . The IFS said that was more than double what it had previously estimated, and would cost Britain an extra £2bn in lost revenue over five years.
Prime Minister David Cameron has claimed to be a 'tax cutting ' politician . Reputation under fire after the revelation by the Institute for Fiscal Studies . It discovered tax rises totalled £64.3billion - including £14billion VAT hike . Millions are paying 40p tax for first time and inheritance tax increased too . Ministers say tax rises necessary to help plug budget deficit left by Labour .