marginaltaxrate on Birmingham Dailyhttps://birminghamdaily.co.uk/tags/marginaltaxrate/Recent content in marginaltaxrate on Birmingham DailyHugo -- gohugo.ioen-usTue, 14 Jul 2026 06:25:03 +0000Andy Burnham Urged to Address Soaring 62% Tax Rate as He Poised to Become Prime Ministerhttps://birminghamdaily.co.uk/andy-burnham-urged-to-address-soaring-62-tax-rate-as-he-poised-to-become-prime-minister/Tue, 14 Jul 2026 06:25:03 +0000https://birminghamdaily.co.uk/andy-burnham-urged-to-address-soaring-62-tax-rate-as-he-poised-to-become-prime-minister/Andy Burnham, the newly elected Labour MP for Makerfield and likely next Prime Minister, has been urged to tackle a critical tax issue impacting British taxpayers. A recent report from Policy Exchange, supported by former Conservative Chancellor Sajid Javid, highlights how some individuals are facing marginal tax rates as high as 62% — far above the official top income tax rate of 45%. The report explains that the gradual withdrawal of the personal income tax allowance combined with interactions between income tax and benefit withdrawals results in what is termed a “Manhattan Skyline” of marginal tax rates.