Labour leftwingers back Angela Rayner’s call for higher taxes for the wealthy – UK politics live

The Telegraph reports that the deputy prime minister called on the chancellor, Rachel Reeves, to increase taxesGood morning. Today the Institute for Fiscal Studies has launched its interactive ‘Be the Chancellor’ tool. In a press release announcing it, Tim Leunig, the chief economist at Nesta, which has developed it with the IFS, says:To govern is to choose. This tool will help policymakers, would-be policymakers, and those who seek to influence them make better choices. As it makes clear, there are no easy choices facing our country today.In the document, seen by our reporters, the deputy prime minister proposed eight tax increases including reinstating the pensions lifetime allowance and changing dividend taxes.She also suggested new raids on the million people who pay the additional rate of income tax and a higher corporation tax level for the banks. Continue reading...

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