Tax older people more and put massive levies on homes in London and South East, Left-wing think tank urges Burnham

Andy Burnham is being urged to impose a barrage of new taxes on pensioners and property to balance the books.

A form of ‘wealth tax’ and massive levies on homes in London and the South East are among the measures being pushed by one of Labour’s favourite think-tanks.

The Institute for Public Policy Research (IPPR) also suggests extending National Insurance to those over the state pension age to address the ‘striking’ gap between older workers and younger graduates.

The proposals come as Chancellor John Healey gears up for a pivotal first Budget on October 28, with the public finances under huge strain.

Mr Burnham refused to

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