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Three priorities for the forthcoming Budget

Measures that are economic and electoral good sense

By Shreya Nanda  

Chancellor of the Exchequer Rishi Sunak. Photo: WIktor Szymanowicz/NurPhoto/PA Images

Following his sudden rise, the new chancellor Rishi Sunak will face the task of financing the government’s “levelling up” agenda and manifesto spending pledges, while also dealing with the party’s more traditional low-tax, low-spend instincts. Here are some ideas for how to create a fairer and more dynamic economy while also marrying these competing interests.

First up: rethink the taxation of unearned income. When we think of “income” we typically think of earnings from employment; but not all forms of…

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