The Latest Breaking News from National Insurance

What would the perfect tax rise look like, from the Treasury’s point of view? Ideally, it would raise stupendous amounts of money, without anyone actually noticing that they’d become poorer. In the Chancellor’s wildest dreams, she might even be able to argue that it wasn’t a tax rise at all.

The Government has promised not to raise the ‘headline rate’ of income tax but has left open the possibility of freezing the thresholds for paying the levy

Exclusive: Jim O’Neill warns that the chancellor will have to raise income tax, national insurance or VAT to fill the £5bn black hole left by the welfare climbdown

I tried to put together a list of all Keir Starmer’s U-turns — but there are too many