7 h. ago More than $70tn of inherited wealth over next decade will widen inequality, economists warn

Expert panel says report on gap in global wealth between rich and poor highlights need for intervention by G20More than $70tn (£53tn) of inherited wealth will pass down the generations across the world over the next decade, widening inequality and highlighting the need for intervention by the G20 group of leading nations, a group of economists and campaigners have warned.In a report ahead of the G20 meetings in Johannesburg, hosted by the South African government later this month, the expert panel said the gap in global wealth between rich and poor will widen over the next decade without a permanent monitoring group such as the UN Intergovernmental Panel on Climate Change. Continue reading...

Events

6 d. ago Income tax rise only way to plug extra £20bn in Budget black hole, economists warn Reeves

Economists say trying to balance the books by raising smaller taxes risks ‘unnecessary amounts of economic damage’

Economics

6 d. ago Income tax rise only way to plug new £20bn budget black hole, economists warn Reeves

Economists say trying to balance budget by raising smaller taxes risks ‘unnecessary amounts of economic damage’

Economics

7 d. ago Mansion wealth tax wouldn’t fill Budget black hole, economists warn Reeves

Former IFS director Paul Johnson says a mansion tax ‘wouldn’t raise anywhere near enough to fill a significant hole’ in the public finances

Economics

1 week ago Millions of Universal Credit claimants set for income boost worth up to £450

The average claimants will receive nearly £400 more a year – but economists warn it comes at the ‘wrong time’

Economics

2 w. ago Rachel Reeves may need to find £42bn for buffer big enough to stop 'limping' to next Budget, economists warn

Rachel Reeves may need to find as much as £42billion next month to stop her 'limping' on to the next Budget, economists have warned.

Economics