Labour warned tax system is 'a major barrier to prosperity' as families face effective rates of 'over 100%'

Labour warned tax system is 'a major barrier to prosperity' as families face effective rates of 'over 100%'

A new report backed by former chancellor Sajid Javid is calling for a sweeping overhaul of Britain's tax system, including the abolition of inheritance tax, Stamp Duty and National Insurance contributions.The report, published by Policy Exchange and written by economist Roger Bootle, argues the UK's current tax system is holding back economic growth and requires fundamental reform.The paper comes as Andy Burnham prepares to enter Downing Street …