‘Economically reckless’ – Streeting calls for wealth tax ‘that works’ in pitch for leadership Politics 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 Wealth 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 [...]
Gary Stevenson is predictably wrong about wealth taxes Opinion Wealth taxes, as promoted by the likes of Gary Stevenson and Zack Polanski, are a terrible idea. Let’s make Britain rich instead, says Kristian Niemietz Wealth taxes are currently all the rage. Over the past few years, a massive hype has built up around the idea: 75 per cent of the public say they support [...]
Wealth tax would ‘create unfairness’, IFS says April 27, 2026 Annual wealth taxes would create “complexity, distortions and unfairness”, a new Institute for Fiscal Studies report has said, as policymakers have been advised to consider the trade-offs involved in addressing forms of inequality. The IFS’ Deaton Review, which involved research conducted over six years, found that an annual levy on wealth would have “serious drawbacks” [...]
Spare us Zack Polanski and Zohran Mamdani’s empty progressivism April 25, 2026 Mamdani’s victory in New York proves it’s time to take Zack Polanski and the Green Party seriously. That means recognising how much their policy platform depends on wishful thinking and fantasy economics, says Eliot Wilson Harold Wilson, perhaps Labour’s wiliest Prime Minister, supposedly coined the phrase “a week is a long time in politics”. It [...]
Zack hits back – but I stand by what I said: The Green Party is dangerous March 19, 2026 After yesterday’s column on Zack Polanski (“I wouldn’t vote for his party in a million years“) the Green Party leader hit back, suggesting a lack of compassion on my part. Being firmly of a free-market persuasion I’m used to having my motives questioned, but I stand by my view that Polanski’s economic policies (wealth taxes, [...]
Zack Polanski’s economic agenda is dangerous…and popular March 19, 2026 There was a time when the Green Party was all about recycling, rewilding and veganism, but these days the economy forms the centrepiece of their pitch to voters. Yesterday their leader, Zack Polanksi, set out his party’s economic vision and he started with a diagnosis. He said people feel like they’re “running every day just to [...]
The Greens are no tree-hugging hippies, their policies would destroy Britain March 10, 2026 Zack Polanski’s Greens stand a realistic chance of winning dozens of seats, so it’s worth taking their policy platform seriously. From wealth taxes to yet more punitive building regulations to open borders, they would be a disaster for British prosperity, says Emma Revell For years now the Green Party has been a bit of a [...]
Switzerland has rejected wealth taxes: Westminster should take note December 17, 2025 Swiss voters have overwhelmingly rejected a proposed 50 per cent inheritance tax, proving that individuals in a democracy understand that confidence in a jurisdiction can evaporate quickly, says Tim Focas Swiss voters have issued one of the clearest democratic verdicts on wealth and capital in recent memory. Last month, more than eight in ten rejected [...]
Value of UK passport declines sharply under Labour December 16, 2025 The once-coveted British passport has tumbled in value since Rachel Reeves’ “wealth tax” Budget, according to a new report. In the latest Passport Index, put together by financial advisory firm Nomad Capitalist, the UK’s iconic blue travel document has slipped from 21st place in the previous list down to 35th out of 199 countries. This [...]