Budget 2026: Which taxes will Burnham and Healey hike? Tax With interest rates on course to remain elevated and a new government keen to win over sceptical voters with cost-of-living measures, economists think tax rises at October’s Budget are all but guaranteed. But where will the new Chancellor look for revenue? Ali Lyon and Mauricio Alencar examine the most likely revenue raisers. Speak to any [...]
Gary Stevenson is right, rich people want to help Britain – here’s how to let them do it Opinion Gary Stevenson and the ‘Patriotic Millionaires’ plan for a wealth tax is the wrong way to get wealth working for Britain. Here’s three much better ideas, says Nick Finegold A fortnight ago, 120 millionaires, including Gary Stevenson and Gary Lineker, wrote to Andy Burnham asking to be taxed more. I do not doubt their sincerity. [...]
Zohran Mamdani’s socialist superstore stunt won’t help poor New Yorkers Opinion Zohran Mamdani’s plan to open five state=owned shops with subsidised groceries will make little to no difference to the lives of New Yorkers, so why are you reading about it? Ask Kristian Niemietz New York City has a population of over 8.5m people, or close to 20m if we include the wider metropolitan area, and [...]
Britain has the lowest level of millionaires since the financial crisis – and that’s no accident July 28, 2026 The number of millionaires in Britain has sunk to its lowest level since the 2008 financial crisis. Rich residents aren’t just fleeing because of policy choices like high levels of tax and the removal of non-dom status, but also a cultural hostility to wealth, says James Lawson It is no secret that the wealthy and [...]
The Rest Is… for the Treasury: Gary Lineker backs wealth tax for rich July 23, 2026 Gary Lineker has urged Prime Minister Andy Burnham to introduce a wealth tax on himself and other millionaires. The former England football player, synonymous with crisps, is one of over 100 millionaires to sign an open letter to No 10 calling for a 2 per cent tax hike on people with assets worth at least [...]
We should all get behind this wealth tax July 16, 2026 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 July 15, 2026 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 July 14, 2026 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 [...]