We should all get behind this wealth tax Opinion A wealth tax is once again rising up the agenda as Andy Burnham prepares to enter Downing Street. The tax is remarkably popular. YouGov polling last year found 75 per cent of Brits would be in favour of the introduction of a wealth tax, with only 13 per cent opposed. There are three clear reasons [...]
Burnham opens door to wealth tax Tax Andy Burnham has refused to rule out a wealth tax as part of his economic agenda, saying the country needs a “greater sense of fairness”. In his first formal interview since being all but confirmed as the next Prime Minister, the former Manchester mayor warned that decisions on tax were “going to be difficult” and [...]
Here’s an idea for you Gary Stevenson: a 0 per cent wealth tax Opinion Gary Stevenson’s success lies in translating a highly complicated economic problem into an emotional story people instinctively understand. The trouble is that successful communication is not really about popularity, it is about ensuring the policy underpinning the message can survive contact with a political and economic reality, says Tim Focas Eye catching, the audience wants [...]
Surely Gary Stevenson is smart enough to know a wealth tax won’t work? July 6, 2026 Britain's self-styled greatest inequality economist, surely Gary Stevenson knows his two per cent levy won't work, writes Damian Pudner.
Burnham tax plans spark investor rush to bank capital gains July 2, 2026 Entrepreneurs and savers are rushing to bring forward the sale of their businesses or take profit on investments in anticipation of Andy Burnham’s rumoured plans to fund his ambitious devolution agenda by equalising capital gains tax with income tax. Tax and financial advisers reported a sharp uptick in client enquiries on the likely Prime Minister’s [...]
Here’s how a levy on assets could work, just don’t call it a wealth tax June 18, 2026 Debate around wealth taxes have become a meme, far too ideological and not technocratic enough. But there is a way to raise a levy on assets without distorting the economy, says Tim Sarson Last week I was scanning the list of topics I’d written about for City AM in the last two years and there [...]
An emboldened – or desperate – new government will look to wealth taxes June 10, 2026 Wealth taxes are climbing back up the political agenda as the Labour party begins the process of reinventing itself for a post-Starmer era. Wes Streeting thinks he’s found “a wealth tax that works” by hiking capital gains tax while Andy Burnham is flirting with a land value tax that would naturally hit wealthy areas the [...]
Even Zack Polanski’s favourite economist admits wealth taxes don’t work June 8, 2026 Gabriel Zucman has told Zack Polanski’s podcast that wealth taxes don’t work – so why are they both so keen to bring them back? Asks Kristian Niemietz “The historical experience with wealth taxation, by and large, is a failure. Pretty big failure.” Who said that? Was it an economist from a Tufton Street think tank? [...]
‘Economically reckless’ – Streeting calls for wealth tax ‘that works’ in pitch for leadership May 21, 2026 Wes Streeting has called for a “wealth tax that works” as the former health secretary sets out his stall ahead of an expected Labour leadership contest later this year. Streeting resigned from the cabinet earlier this month and has confirmed that he would stand in a contest to oust Sir Keir Starmer, though he has [...]
Griffin’s Citadel to swerve New York after mayor’s wealth tax campaign May 6, 2026 Hedge fund juggernaut Citadel has diverted investment earmarked for New York to its Miami headquarters, founder Ken Griffin has said, after the city’s socialist mayor filmed a video promoting a new ‘pied a terre’ wealth tax outside the billionaire’s $285m penthouse. Griffin told CNBC that because of mayor Zohran Mamdani’s social media clip, his $67bn [...]