Andy Burnham 40% tax rate hike to 48% for workers earning over £50,270 proposed

NewsMidlands NewsAndy BurnhamEach individual has a personal allowance12:34, 06 Aug 2026Andy Burnham has been urged by a leading right-wing thinktank to increase all tax rates - with the 40p rate hiked to 48p. The Bright Blue think tank told the Labour Party government Prime Minister that increasing taxes to fund workplace benefits for self-employed "doesn’t make Britain more entrepreneurial".‌Each individual has a personal allowance, which is the amount of income that they can receive tax-free. Only those with incomes in excess of the personal allowance pay income tax.‌Above the personal allowance, different bands of income are taxed at different rates. The personal tax allowance is £12,570 as it stands, while the basic rate of 20 per cent is for those earning £12,571 and £50,270. The high