The alternatives for the UK chancellor are either unworkable or risk losing Labour votes, so here’s what she should tryDepending on whose forecasts you believe, in the autumn budget the UK chancellor needs to find £25-£50bn to cover day-to-day spending, let alone to raise the extra funds needed to turnaround crumbling public services or end the two-child benefit cap. Rachel Reeves is bound by a manifesto commitment not to raise the big three – income tax, national insurance or VAT – and having already slapped businesses with a national insurance rise in her inaugural budget last year, she faces having to think about creative ways to raise revenue.The past few weeks, we have seen a bewildering parade of policies emerging from Treasury sources. These include reforms to inheritance tax, replacing stamp duty with a national proportional property tax for homes worth more than £500,000, replacing council tax with a local proportional property tax levied on house values up to £500,000 with a minimum annual bill of £800 paid by the property owner, and a potential capital gains tax (CGT) on primary residences valued at more than £1.5m.Faiza Shaheen is executive director of Tax Justice UK Continue reading…