Owen Jones’s discussion of tax seeks to put forward a “radical” agenda but is actually strikingly conservative, especially because of its focus on higher income tax rates ( Tax radicals? McDonnell and Corbyn are not radical enough , 16 February). This focus is unhelpfully constraining for two reasons.
First, income tax now matters much less than it used to – it has fallen from over half of total UK revenue in the 1970s to about 30% today. There have been compensating rises in VAT and national insurance contributions, and the second of these especially is ripe for radical reform. Second, […]
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