Economists say move will increase bureaucracy for bereaved families and ‘unlikely to raise additional revenues’ for the Treasury

With chancellor planning tax shake-up in this month’s Budget, Foreign Investors for Britain is trying to affect debate

Labour’s manifesto pledged not to raise income tax rates. Last year, Ms Reeves appeared to agree, saying: “People on average earnings are paying more in tax because they are dragged into higher tax brackets. That is a sign of failure. The government is picking the pockets of working people.”