How Could The Chancellor Raise More Tax? - IFS Zooms In

28th August 2024

The Institute for Fiscal Studies (IFS) today looks at how to raise more taxes.

Over the summer we're bringing you a series of briefings on the key challenges and policy options facing the new set of government ministers. Today we're turning to the tax system and we'll answer the questions that the Chancellor has almost certainly been asking Treasury officials in recent weeks: how could more tax revenue be raised and how could tax reform boost growth.

Rachel Reeves has ruled out tax rises on 'working people', saying that there will be no increase of income tax, VAT, National Insurance or Corporation Tax. What areas of tax does this leave to fill the shortfall in the public finances? Which taxes could be reformed to boost growth?

To tackle those questions, Paul is joined by Dan Neidle a tax lawyer and founder of Tax Policy Associates and Helen Miller, Deputy Director at the IFS.

Runs for 42 Minutes.

https://ifs.org.uk/