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The Conservatives election campaign is in chaos as the extent of their millionaire-backing is revealed, Labour Leader Jeremy Corbyn says today.

In the latest in a string of errors and about-turns, Defence Secretary, Michael Fallon’s pledge that people would pay no more tax under the Tories was immediately contradicted by Theresa May, who refused to rule out a tax hike on working people, through rises in income tax or higher National Insurance contributions.

The Tories were already reeling from the chaos and confusion over their plans for social care and where they would set the cap they originally said they had rejected, and were forced to withdraw their school breakfasts policy after it was exposed they had only set aside 6.8p per meal.

The threat of further Tory tax rises on working people comes as it was revealed just 49 individuals have donated more than a third of all Tory party funding since Theresa May became Prime Minister.

In contrast, Labour’s manifesto clearly commits to no income tax, National Insurance or VAT rises for 95 per cent of taxpayers, with big businesses and those paid more than £80,000 a year asked to pay a bit more to reverse years of underinvestment in our NHS, schools and other public services.

Jeremy Corbyn, Labour Leader, said:

“First social care and school breakfasts, now the Tories are in chaos over their tax plans for the super-rich, as it is revealed they are entirely dependent on them for their funding. While Michael Fallon claims there will be no tax rises, Theresa May refuses to rule them out. You can’t trust a word the Tories say.

“Labour is the low tax party for the many while the Conservatives are the low tax party for the few. We won’t raise taxes for 95 per cent of taxpayers but will ask high earners and big businesses to pay a little more so we can give nurses and other public servants a pay rise, and invest in the public services we all rely on.”

Andrew Gwynne, Labour’s Joint National Campaign Co-ordinator, said:

“The Tories are bankrolled by millionaire bankers, tycoons and hedge fund bosses – the very people they’ve given tax breaks to while everyone else pays more. In contrast, Labour is funded by thousands and thousands of people making small donations because they want a better society for everyone.

“Labour’s plans are fully costed and fully set out in our manifesto for everyone to see. The only numbers in the Tory manifesto are the page numbers. The wheels are coming of the Conservatives’ election campaign, with Theresa May hiding from the public, refusing to debate Jeremy Corbyn, and backsliding on social care, NHS and schools funding, and now their tax plans.”

Labour is calling on the Tories to come clean on how many pensioners will be hit by their plans for a dementia tax and means testing for Winter Fuel Payments.

With six days to go until voting, Theresa May has still not ended the uncertainty facing millions of pensioners.

Tory plans to scrap universal Winter Fuel Payments could hit as many as 10.8 million pensioners, according to a Labour analysis of Pension Credit data.

Meanwhile, the Tories are still refusing to give a figure for the cap they will put on their dementia tax, the name given to their plan to force people to pay for social care with their homes.

An analysis by the Labour Party shows the effect of the Tory dementia tax on older people living in a house worth the average UK price of £217,500 if the cap is set at £72,000 or £100,000 and they find they need home care at the capped level.

At a cap of £100,000, a person in this situation needing the capped amount of care would lose 42 percent of the value of their estate. The more someone’s house is worth, the lower the percentage they would lose.

Labour has set out its pledges to older people – maintaining the triple-lock on state pensions to protect incomes, investing £37 billion into the NHS and £8 billion into social care over the next parliament and protecting Winter Fuel Payments and free bus passes.

Jeremy Corbyn, Leader of the Labour Party, commenting on this analysis, said:

“It is staggering that just six days from polling day millions of pensioners still don’t know what’s in store for them if they are unlucky enough to get dementia or any other condition that needs care in the home.

“The dementia tax is itself unfair but what’s made matters even worse is the way Theresa May announced a cap and then failed to say how much it would be.

“Alongside this, older people face the additional uncertainty of not knowing who will be eligible for a Winter Fuel Payment. The introduction of a means test could mean more than ten million people losing the payment.

“Theresa May’s only offer to pensioners is insecurity and cuts. Labour will stand up for older people by maintaining the triple-lock on state pensions, investing £8 billion into social care over the next parliament and protecting winter fuel payments and free bus passes.”