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

'Call for desperate political measures'

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 ...