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The problem with Labour’s tax plans that both sides have ignored

Labour’s support for Hammond’s tax cuts sounds reasonable—at least, until you think what £900m could buy. But longer term, the party is boxing itself in

By Chaminda Jayanetti  

Shadow Chancellor of the Exchequer John McDonnell. Photo: PA

Halloween means fancy dress, but Labour may have taken things a bit too far with their full-on Cage-Travolta face-swap this week.

John McDonnell and supporters of Jeremy Corbyn—though not, given his performance at PMQs, Corbyn himself—lined up to say Labour would accept the government’s decision to cut taxes for those earning more than £46,000 a year, in an attempt not to scare off upper-middle earners in target seats at the next election.

Meanwhile, Labour centrists and Corbyn-sceptics, who once…

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