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This approach is backed by some economists, as well as many Labour MPs, who argue that taxing income from wealth more fairly could help boost growth. Other possibilities include capping the 25 per cent tax-free lump sum available at retirement, or offering tax relief at a flat rate instead of a person’s marginal rate. A
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He froze income tax and National Insurance thresholds until 2028, a move that will cost taxpayers tens of billions. This isn’t just another left-leaning economist calling for a tax raid on the wealthy. Johnson is a serious, independent voice – and he reckons Reeves has to raise income tax in October. Reeves could introduce national
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