Your report says Rachel Reeves “has few options left” (How did it come to this? Labour’s journey from landslide victory to ‘deep unhappiness’, 22 March), but in fact she has numerous options. Patriotic Millionaires, alongside Tax Justice UK, has proposed 10 tax reforms to raise £60bn for public services. And on 18 March, it told MPs that a tax of 2% on wealth above £10m could raise £460m a week for our country’s crumbling finances.
Prof Richard Murphy has identified at least seven alternatives for Reeves, saying that to pretend the only options are higher taxes or austerity is wrong. And Prof Helen Goodman (Letters, 21 March) even identifies around £35bn in savings from three simple taxation reforms.
