Rachel Reeves told to cut national insurance and raise income tax

Chancellor Rachel Reeves has been urged to make vast tax reforms at this year’s Budget.

Chancellor Rachel Reeves has been told to cut national insurance for workers by two per cent and raise income tax by the same amount, with economists at a left-leaning think tank claiming a £6bn gain in revenue could be made.

The Resolution Foundation, once the workplace of Treasury ministers Torsten Bell and Dan Tomlinson, has given credit to former Chancellor Jeremy Hunt for having “rightly identified an unfair double tax on work” as he cut the tax by two percentage points in last spring Budget.

Researchers at the influential think tank have now urged Rachel Reeves to go one further and potentially break a key manifesto pledge not to raise income tax.

They said that a further two percentage po