Thinktanks urge Rachel Reeves to overhaul ‘broken’ tax system

The thinktanks called on the chancellor to make sweeping ‘pro-growth reforms’ on tax in her budget this month. Photograph: Wiktor Szymanowicz/Zuma Press Wire/Shutterstock

Thinktanks from across the political spectrum are urging Rachel Reeves to use this month’s budget to overhaul the “broken” tax system, including abolishing stamp duty and merging income tax and national insurance.

The group, which ranges from the rightwing Adam Smith Institute to the leftwing New Economics Foundation, published proposals for sweeping “pro-growth reforms” the chancellor could introduce to “tax all income from work equally”.