Shabana Mahmood backs plan for £3,740 tax hike for people earning £200,000 if she becomes Chancellor

NewsMidlands NewsShabana MahmoodAll eyes are turning to her possible policies.14:28, 17 Jul 2026Andy Burnham's reported pick to be Chancellor reportedly backs a 50p HMRC income tax rate - a 5 pence hike on the current 45p amount.‌Shabana Mahmood, the Birmingham MP, is widely expected to be in Mr Burnham's Cabinet as a Chancellor. Now, with the Birmingham MP poised to pose a big part of Mr Burnham's premiership, all eyes are turning to her possible policies.‌And one is a new tax rate. Raising the 45p rate to 50p would cost a £150,000-a-year earner an extra £1,240 a year, while those earning £200,000 a year would pay £3,740 more, though, personal finance experts have warned.‌READ MORE AA issues warning to anyone filling up with petrol in coming daysIn a House of Commons debate in 2014, Ms Ma