Reeves urged to make tax changes ‘to raise more than £20bn a year’

Resolution Foundation suggests proposals on capital gains tax, inheritance tax and national insurance

Rachel Reeves is being urged by a left-of-centre thinktank to announce changes to capital gains tax, inheritance tax and national insurance in next month's budget that would raise more than 20bn a year for the Treasury.

With the chancellor looking for ways to plug a 22bn hole that she has identified in the public finances, the Resolution Foundation said it was a time-honoured tradition that taxes were raised in the first budget after an election.