
We ask the Government to introduce a new 30% income tax band that applies to earnings between £50,271 and £100,000. This could ensure a smoother, fairer progression in tax rates. Our aim is to create a more balanced, modern and equitable tax structure for middle-income earners.
Rachel Reeves
Chancellor
Abolish the effective Tax rate of 60% on income between £100,000 and £125,140
Introduce a wealth tax on people with a £50 million+ net worth
Implement a 2% wealth tax on individuals with net assets exceeding £10 million
Raise the income tax personal allowance from £12,570 to £20,000
Apply an income tax rate of 99% to MPs' additional incomes
We ask the Government to introduce a new 30% income tax band that applies to earnings between £50,271 and £100,000. This could ensure a smoother, fairer progression in tax rates. Our aim is to create a more balanced, modern and equitable tax structure for middle-income earners.
Abolish the effective Tax rate of 60% on income between £100,000 and £125,140
Introduce a wealth tax on people with a £50 million+ net worth
Implement a 2% wealth tax on individuals with net assets exceeding £10 million
Raise the income tax personal allowance from £12,570 to £20,000
Apply an income tax rate of 99% to MPs' additional incomes