Rachel Reeves has been urged by a leading think tank to raise income tax while cutting national insurance in November’s Budget, a move that would hit landlords and pensioners hardest. Advertisement AdvertisementAdvertisement AdvertisementThe think tank says the changes would help tackle “unfairness” in the tax system, as income tax is paid by more people, including pensioners and landlords. And Matthew Pennycook insisted Labour will stick to its manifesto pledge to not increase income tax. Adam Corlett, principal economist at the Resolution Foundation, said cutting national insurance and increasing income tax “should form part of wider efforts to level the playing field on tax”. “She can do this by switching our tax base away from employee national insurance and onto income tax, which is paid by a far broader group in society.