How could the Chancellor raise more tax?

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Today we’re looking at 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.

Zooming In: discussion questions

Every week, we share a set of questions designed for A Level economics students to discuss, written by teacher Will Haines.

1. How does freezing income tax thresholds generate additional revenue for the government?

2.  Explain the advantages and disadvantages of taxing pension income on the way in and on the way out.

3. Having listened to the podcast, outline two tax reforms which you would implement and two which you would not implement. Justify your answer.