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A wealth tax would be a disaster – and an admission of total failure

City A.M. Tuesday, 8 July 2025 ()
A wealth tax would be a disaster – and an admission of total failureWhy wouldn’t Downing Street rule out a wealth tax? It isn’t difficult, you just say “we will not introduce a wealth tax” and the show moves on. Instead, when asked about the growing clamour in Labour circles for new tax aimed squarely at the well-off, Downing Street’s spokesperson simply talked about the need for “the [...]
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News video: Starmer refuses to rule out wealth tax in Commons

Starmer refuses to rule out wealth tax in Commons 00:58

Sir Keir Starmer declines to rule out a wealth tax after Kemi Badenoch accuses him of “flirting” with the idea. The prime minister avoids a direct answer, instead defending Labour’s economic record and criticising past Tory policies. Badenoch warns such a tax would hit savings, pensions and...

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