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How a UK wealth tax could work

Upworthy Wednesday, 9 July 2025 ()
With Chancellor Rachel Reeves under more pressure to balance the nation's books, a wealth tax has been floated as a viable option. Former Labour leader Lord Kinnock told Sky News that a wealth tax would be a "substantial gesture in the direction of equity fairness". He suggested "a good way of…
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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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