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Sir Keir Starmer opened the door to an income tax raid.
It came as Labour prepared to launch a sweeping review of tax reliefs that could hit pensions, private schools and even the cost of children’s shoes.
The Labour leader overruled his Shadow Chancellor Rachel Reeves to insist that increases in income tax would be kept ‘on the table’.
His comments will fuel speculation that he hopes to revive the 50p top tax rate imposed by the last Labour government.
Labour leader Sir Keir Starmer has overruled his Shadow Chancellor Rachel Reeves to insist that increases in income tax would be kept 'on the table'
Miss Reeves confirmed on Sunday she is looking to increase capital gains tax to target ‘people who get their incomes through stocks and shares and buy-to-let properties’. On Monday she will unveil plans for a review of tax breaks, arguing that, with more than 1,000 reliefs in place, the system is ripe for reform.
The move could end tax breaks worth £174billion a year.
Veteran Tory MP Sir John Redwood said Labour appeared to be heading ‘straight back into tax bombshell territory’. He added: ‘Labour’s plans would be disastrous. They are reaching for higher taxes, as they always do.’
Sources close to Miss Reeves confirmed last night that she wants to use the review to end the tax breaks private schools enjoy because of
