Chief Political Commentator, @theipaper. News, insight and analysis from the House of Commons. Presenter, BBC Radio 4's The Week In Westminster.
A 'wealth tax' is also unlikely. @RachelReevesMP and her team are working instead on a collection of measures to get more out of the rich (she's already targeted stocks/shares, buy-to-lets, carried interest) and this is the direction of travel overall.
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🚨Met Police have confirmed an “investigation is ongoing” into alleged Covid law breaking at Tory HQ Xmas party in 2020. 👀One of those present is standing as my local Tory candidate on May 5 🥳This chap in the braces, lying on the floor + raising a wine glass, in Mirror pic 🧵
NEW: Brexit has caused a 6% rise in food prices, according to a study out today.
The tax rate for every extra hour worked for someone on Universal Credit is 55p in the £. The tax rate for every extra hour worked for someone earning £150,000/yr is 47p in the £. Why the answer to the cost of living crisis isn't longer hours:
EXCLUSIVE. We have a leaked document showing that one of @BorisJohnson 's own cabinet ministers asked him to more than double the energy bill rebate from £200 to £500 this spring - and nothing happened.