Andy Burnham’s top adviser has called for capital gains and inheritance tax to be hiked and the fiscal rules to be loosened so the government can borrow billions.

As he prepares to enter Downing Street, Mr Burnham is reported to be looking at the rates of capital gains tax, which is levied on the profit made when selling an asset.

The Labour leadership favourite is expected to put his own stamp on taxes, pensions, and more

An economic advisor to Burnham has hinted he may consider setting different income tax rates across England

Andy Haldane said the tax system should be tilted to boost incentives for more cash to flow into British companies.

Haldane, who is advising Prime Minister-to-be Burnham on growth, urged the country’s next leader to be “bolder and brassier”.

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Louise Haigh, the former transport secretary who is in line for a senior Cabinet post if he becomes prime minister, called for reform of the system to strip out 'exemptions and…

Andy Burnham’s top adviser has called for capital gains and inheritance tax to be hiked and the fiscal rules to be loosened so the government can borrow billions.

Louise Haigh has been tipped to take up a top job in Andy Burnham’s cabinet