Jeremy Corbyn’s promise to make this election campaign the most radical yet is coming to fruition with the launch of Labour’s manifesto, which includes significant changes to the UK tax system.

Labour has pledged to introduce a financial transactions tax. This has proved unpopular, with Liz Field, chief executive of wealth management trade association PIMFA, stating: “Whilst we understand the logic behind these proposals, we believe that they are ultimately based on an outmoded caricature of those who operate in financial services.

“PIMFA has campaigned for the removal of Stamp Duty Reserve Tax and before that, ...