Wealth tax should be considered by Treasury, former Labour minister suggests
UNITED KINGDOM, JUL 31 – Former Labour figures and union leaders cite a 2020 report estimating a 1% annual wealth tax on millionaire couples could raise £260 billion over five years.
Summary by Evening Standard
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What Is A Wealth Tax, How Would It Work In The UK And Where Else Has One? - Great Yorkshire Radio
Downing Street refused to rule out a wealth tax after former Labour leader Lord Kinnock told Sky News he thinks the government should introduce one. Sir Keir Starmer’s spokesman said: “The prime minister has repeatedly said those with the broadest shoulders should carry the largest burden.” While there has never been a wealth tax in the UK, the notion was raised under Rishi Sunak after the COVID years – and rejected – and both Harold Wilson’s an…
Coverage Details
Total News Sources6
Leaning Left1Leaning Right1Center2Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 25%
C 50%
R 25%
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