Hammond 'can raise £7bn a year by scrapping tax breaks'

Resolution Foundation urges chancellor to tighten wealth taxation to boost public sectorPhilip Hammond could raise an additional £7bn a year for the Treasury by scrapping tax breaks for the richest in society and tightening up existing wealth taxes, research from one of Britain’s leading thinktanks shows.In a report prepared ahead of the chancellor’s government spending review, which is due later this year, the Resolution Foundation said that the additional funds could be raise