Taxed into a corner?

The Chancellor has set the date for the first Budget of Labour’s Government – 30^th October – and has emphasised the stark fiscal difficulties facing the country, even if she goes ahead with the £23 billion a year of future tax rises announced by her predecessor but not yet implemented. The strains on the public finances may necessitate a different approach to tax – not least given the pledges not to increase Income Tax, National Insurance and VAT, and not to raise taxes on working people.

What can we expect on tax in the upcoming Budget? How will the Chancellor navigate tax policies that may be economically sound but politically challenging? Do Labour’s manifesto commitments hasten the need to reconsider the ways we tax wealth? And what changes could create a tax system that is sustainable in the long-term, easing the strain on the public finances and boosting growth?

The Resolution Foundation is hosting an in-person and interactive webinar – the second of a series of major reports and events on five economic challenges facing the new Government – to debate and answer these questions. Bringing together a panel of Britain’s leading policy experts we’ll discuss the Chancellor’s options in her crucial first Budget.