Overview

• Roads minister Lilian Greenwood told Sky News that tax increases will not hit those on ‘average’ incomes but could not specify the exact earning limit
• Ministers have offered varying and vague definitions of ‘modest’ or ‘average’ incomes, with figures of around £37,000 to £39,000 emerging
• Treasury officials continue to indicate that those with the ‘broadest shoulders’ may face higher taxes to address a growing fiscal gap
• The Office for Budget Responsibility has flagged an estimated £30 billion shortfall in public finances ahead of the October budget
• Speculation about a potential wealth tax on high-value assets, non-dom residents, and private school fees remains alive as new revenue options are explored