Rishi needs to confront the 'wealth tax' elephant in the room

'Call for desperate political measures'

clock • 3 min read

The importance of wealth into the UK economy has been on the rise over the past decade, but the tax revenue raised from that wealth has not followed suit.

Faced with increasing pressure on the public finances, our new prime minister must confront a pivotal question that his predecessors have avoided like the plague - should the country implement an annual levy on the total wealth of taxpayers? This question poses a particular challenge to the ex-Goldman Sachs banker come hedge fund manager with a PPE from Oxford. The point is that dishy Rishi does not exactly have the ideal background to be putting the issue of wealth inequality at the top of his first Cabinet meeting agenda. Rishi Sunak to press ahead with 'intervention power' over ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Trustpilot