Resolution Foundation says move could raise additional £6bn a year and ‘level the playing field’ on income tax
Rachel Reeves has been urged to take 2p off the rate of employee national insurance and add it to income tax in her autumn budget, to raise billions of pounds while protecting workers’ pay packets.
Putting forward plans to raise up to £30bn, the influential Resolution Foundation thinktank called on the chancellor to “level the playing field” on how different forms of income are taxed.
