A report into the Prime Minister-in-waiting’s pledges found Burnham would bring Labour’s total increase in taxation from around £66 billion to more than £100 billion a year.
This includes promises of a ‘care levy’ of up to 10% of the value of estates after death, reforming the rates of capital gains tax (CGT) and imposing National Insurance on landlords’ rental income.
Implementing a torrent of new taxes not mentioned in Labour’s 2024 manifesto will increase pressure on Burnham to call an early election. He is due to be elected unopposed as Labour leader and Prime Minister on Friday.
Robert Jenrick, Reform’s Economy Spokesman, said: “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 £14 billion 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 £100 billion a year of tax rises. If Mr Burnham disputes this, the remedy is simple: rule these 10 taxes out, by name, today.”...<<<Read More>>>...
