Great graphic from The Telegraph giving an example of why aspiration is being crushed by current tax policies.

The 60p tax trap was created by Labour but the Tories have been too spineless to scrap it.

Few of us can levy our own tax, but Sadiq Khan can and does.

It's called the mayoral precept and he's increased it from £276 per average household when he first took office to £471 today.

Most mayors don't levy a precept at all but Sadiq is going to increase it by another £37.

Who'd have thunk it?

Stamp duty on house purchases is so absurdly high that the revenue fell by £4 billion in the last year.

There were 200,000 fewer housing transactions than in the previous year, demonstrating the economic damage caused by stamp duty in restricting mobility

Inheritance tax receipts in the last financial year hit record levels, £400m higher than the previous year.

Jeremy Hunt made all sort of noises about wanting to reduce the death tax but actually increased it by allowing the threshold at whch it's paid to fall in real terms.

MSPs require Scots with second homes to pay double council tax - but don't want to pay the extra tax themselves.

One rule for ordinary Scots and another for the MSPs who voted through the totally unjustified tax hike.

A key point made here by the former head of Obama's Council of Economic Advisers. A small difference in economic growth has a massive impact on prosperity.

That's why growth-killing tax policies are so harmful.