The Chonkerton

Andy Burnham urged to scrap income tax and NI in radical fiscal overhaul

business

According to The Guardian, prominent economists including Jim O'Neill are urging Andy Burnham, the MP for Makerfield, to pursue a radical overhaul of the UK's tax and spending system. In an open letter, O'Neill is joined by King's College London professor Jonathan Portes and Danny Sriskandarajah, chief executive of the New Economics Foundation. Their bold proposal: consolidate six major taxes—including income tax and national insurance—into a single, unified levy. The economists argue this could help unlock the political gridlock that has hindered the country's progress. While the full details haven't been made public, the proposal represents a fundamental rethinking of how Britain finances itself.

Source: https://www.theguardian.com/business/2026/jul/09/andy-bur...

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