Rachel Reeves 'could target pensioner and driver taxes' in the Budget to raise more than £20...

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Rachel Reeves 'could target pensioner and driver taxes' in the Budget to raise more than £20...
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TUC General Secretary Paul Nowak, RMT General Secretary Mick Lynch and PCS Union General Secretary Fran Heathcote warn against reduction in winter fuel allowance cut.

Rachel Reeves could raise more than £20 billion in next month's Budget by raising taxes on wealth, pensions, and drivers, according to an influential think tank.

Sir Keir Starmer has already paved the way for a tax-raising Budget next month, warning it will contain 'painful' decisions on both tax and welfare. The think tank, which has close links to Labour, calls for rises in fuel duty - and suggests Labour should consider charging drivers an extra 6p a mile to use their cars as part of a new road pricing scheme

Today's report suggests that 'reforms' to capital gains tax, which is levied on the sale of assets, could raise up to £12 billion a year.The study also suggests that the Chancellor should levy National Insurance on employers' contributions to staff pensions, potentially generating another £9 billion a year.

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