Labour reveals 'fat cat' tax pledge aimed at reining in excessive pay

Jeremy Corbyn will lay out plans for a “fat cat” tax under which big businesses, city banks and Premier League clubs will have to pay a levy if they offer workers hefty pay packages, the Guardian has learned.

The full Labour manifesto, to be published on Tuesday, will include a proposal that aims to disincentivise excessive pay by charging companies a 2.5% levy on earnings above £330,000 and 5% on those above £500,000. Read more HERE