Timid Jeremy Hunt fails to reform how rich are taxed

Fixing system could have raised substantial revenue, improved growth and helped to improve fairness

• Autumn statement 2022: what it means for you

Jeremy Hunt claimed the burden of his autumn statement tax rises would fall on those with the broadest shoulders, saying on Thursday he would ask those with more to contribute more".

Unfortunately, the chancellor's statement was surprising in its timidity. The UK tax system is sadly riddled with problems. Fixing any one of those could have raised substantial revenue, improved growth and gone some way towards improving fairness, not only between rich and poor but also between people with the same incomes, taken home in different ways.