By Rowena Mason Deputy political correspondent
Increase to be funded by 45p rate for £80,000-plus earners and 50p rate over £150k
Labour’s NHS “rescue package” will be funded by higher income tax rates, at 45p for those earning more than £80,000 a year and 50p for those bringing in over £150,000, John McDonnell, the shadow chancellor, has said.
He said the higher income tax rates would be in Labour’s manifesto, matching its pledges from the 2017 election.
Source: Labour’s NHS ‘rescue package’ to be paid for by higher taxpayers, says McDonnell
