Reeves is hemmed in by Labour's manifesto tax promises
Forecast breakdown of UK tax revenue in 2029-30
Total
£1.3tn
Income tax
£398bn
NICs
226
VAT
211
Property taxes
127
Corporation tax
121
Other indirect taxes
109
Capital taxes
45
Other taxes
63
Total
£1.3tn
Income tax
£398bn
NICs
226
VAT
211
Property taxes
127
Corporation tax
121
Other indirect taxes
109
Capital taxes
45
Other taxes
63
Total
£1.3tn
Income tax
£398bn
NICs
226
VAT
211
Property taxes
127
Corporation tax
121
Other indirect taxes
109
Capital taxes
45
Other taxes
63
Total
£1.3tn
Income tax
£398bn
NICs
226
VAT
211
Property taxes
127
Corporation tax
121
Other indirect taxes
109
Capital taxes
45
Other taxes
63
Total
£1.3tn
Income tax
£398bn
NICs
226
VAT
211
Property taxes
127
Corporation tax
121
Other indirect taxes
109
Capital taxes
45
Other taxes
63
Total
£1.3tn
Income tax
£398bn
NICs
226
VAT
211
Property taxes
127
Corporation tax
121
Other indirect taxes
109
Capital taxes
45
Other taxes
63
Total
£1.3tn
Income tax
£398bn
NICs
226
VAT
211
Property taxes
127
Corporation tax
121
Other indirect taxes
109
Capital taxes
45
Other taxes
63
Total
£1.3tn
Income tax
£398bn
NICs
226
VAT
211
Property taxes
127
Corporation tax
121
Other indirect taxes
109
Capital taxes
45
Other taxes
63