Andy Burnham is set to launch a £38billion tax raid to fund a spending spree, according to Reform UK analysis. The prime minister-in-waiting’s pledges would mean Labour’s total level of tax increases would jump from about £66billion a year to more than £100billion a year, the report found.
This includes reforming the rates of capital gains tax and imposing National Insurance on rental income.
Reform’s Treasury spokesman Robert Jenrick told The Telegraph: “Andy Burnham has spent 20 years reaching for other people’s money – a death tax on family homes, a graduate tax on young people getting their first pay cheque, a £14billion raid on savings and investment, and new levies on everything from your parking space at work to your weekend away.
“Taken together with Rachel Reeves’s record, Labour could well raise more than £100billion a year of tax rises. If Mr Burnham disputes this, the remedy is simple: rule these 10 taxes out, by name, today.”
It comes as little is known about Mr Burnham’s policies as he gets set to enter 10 Downing Street within weeks.
Follow our live blog below for the latest politics updates