14 h. ago Bring in a wealth tax, boost benefits and increase workers' rights union boss tells Starmer as PM faces pressure from Labour's paymasters to turn left

TUC general secretary Paul Nowak urged the Government to show workers 'whose side you are on', as he addressed its annual congress in Brighton.

Economics

18 h. ago Norway votes in a closely fought election with the future of a wealth tax in focus

Norwegians are heading to the polls in the main day of voting for a new parliament, after a campaign in which the future of a wealth tax that dates to the late 19th century has been a central issue

Politics

45 h. ago ‘People are so angry’: how wealth tax became a battleground in Norway’s election

Issue creates clear dividing line between left and right, as populists target voters with vow to scrap levyIt is the issue that has set the Norwegian general election alight: whether to keep, cut or abolish the national wealth tax. As the country prepares to go to the polls on Monday, Norway is in the grip of a ferocious national argument that is likely to rumble on whichever party wins.In an economy less then a seventh the size of Britain’s, the formuesskatt raises about 32bn kroner (£2.4bn). Multiply that by the difference in GDP, and the same rules applied in the UK could raise more than £17bn – serious money in tax terms. Defenders say the wealth tax has another benefit. They see it as the cornerstone of a progressive tax system that has helped to create one of Europe’s most equal societies. Continue reading...

Politics

4 d. ago Head of Britain's trade union movement urges Rachel Reeves to set up new wealth tax to boost services

Paul Nowak called on the Chancellor to look at hitting those worth more than £10 million with fresh levies while hiking capital gains tax - insisting this would not lead to an exodus of the wealthy.

Economics

5 d. ago Jamaicans head to polls for election as ruling party faces corruption concerns

Polls point to ‘very close election’ between the Jamaica Labourparty and the opposition People’s National partyJamaicans head to the polls on Wednesday for a closely fought general election which has been overshadowed by an investigation into potential corruption in the ruling Jamaica Labour party (JLP) which is seeking a third term in office.The latest local poll put the opposition People’s National party (PNP) 3.1% lead over the JLP, but political analyst Damion Gordon cautioned that the lead was barely larger than the margin of error. Continue reading...

Politics

1 week ago Samoa votes in an election that will decide the fate of its first woman leader

Samoa went to the polls in a critical election that could decide the future of its first woman leader, prime minister Fiamē Naomi Mata’afa

Politics

1 week ago Cash gifts in families rule HMRC rule change 'could be coming'

The Chancellor is understood to be examining a rarely-used exemption that allows people to hand over unlimited wealth tax-free.

Politics

2 w. ago JULIA DAVIES: 'Many millionaires support a wealth tax, and can afford to pay more'

'There’s many wealthy people who support the introduction of a wealth tax and can afford it', founding member of Patriotic Millionaires UK and impact investor Julia Davies says

Economics

2 w. ago Can a nation in crisis rely on the baby boomer generation to step up? I think the UK is about to find out | Phillip Inman

A raid on property wealth and pensions is being signalled by the Treasury, and it has sound reasons for doing just thatDear baby boomer, the government is coming for you and your store of wealth. The property and pensions built up over the past 40 to 50 years are, for the first time, in play. The triple lock on the state pension might be guaranteed, at least for the time being, but for the wealthier boomer, it looks like their private assets are being laid out on a chopping board, ready to be carved like a Sunday roast and fed to hungry government departments starved of funds for almost two decades.These are desperate times and taxing the wealthy is a desperate measure. No government wants to do it. If you tax the rich, they might fly away in their private jets. That’s happened in Norway, one of the few European countries to retain a wealth tax. It’s true that older middle-income voters are more likely to stay put, but they also have a tendency to vote with their self-interest in mi...

Events

2 w. ago UK at ‘tipping point’ as millionaires consider moving abroad over wealth tax fears

More than half of the 1,000 wealthy respondents also said they are more likely to consider leaving the UK if Rachel Reeves introduces a wealth tax

Economics

2 w. ago Voices: ‘Owning a £500k home does not make you rich’: Readers challenge Reeves’ property tax plan

Our community has hit out at plans for a £500k property tax, saying it unfairly hits ordinary homeowners and needs higher thresholds or regional tweaks

Economics

2 w. ago Kirstie Allsopp leads fury at Rachel Reeves' new property tax plan 'to punish Britons for working hard': Labour raid on ALL homes worth more than £500k is 'wealth tax in all but name'

The Chancellor has been accused of seeking to 'punish people' for making sacrifices to buy their own homes.

Economics

2 w. ago Fury at Rachel Reeves' new property tax plan to 'punish Britons for working hard': Labour raid on ALL homes worth more than £500k is 'wealth tax in all but name'

The Chancellor has been accused of seeking to 'punish people' for making sacrifices to buy their own homes.

Economics

3 w. ago East Kilbride Labour leader rallies town to ‘win our future back’ ahead of Holyrood election 

Joe Fagan said Scottish politics was not working for the Scottish people and called for new ideas to make East Kilbride ‘new’ again.

Politics

3 w. ago If you're rushing to beat Rachel Reeves' inheritance tax raid and protect your wealth you must read this. These are the costly hidden pitfalls experts say you need to know about

The threat of another inheritance tax raid could goad growing numbers of people into making generous gifts to loved ones before the taxman can swipe their family wealth.

Economics

3 w. ago Tax the rich more to fill black hole in public finances, Labour members tell Starmer

Exclusive: PM urged to conduct a ‘radical change of direction’ as the government attempts to plug gaps in the public finances

Economics

3 w. ago Wealth managers fear for future of UK’s ‘generous’ inheritance tax loopholes

Advisers raise concern that chancellor could tighten rules exempting some assets from death duties

Economics

3 w. ago Inheritance tax and the rise of ‘giving while living’: Smart ways to pass on wealth tax

With rule changes and frozen thresholds, more people are exploring financial gifting in their lifetime

Economics

3 w. ago Keir Starmer ‘plans rise in inheritance tax’ to ease debt crisis

Critics see inheritance tax, charged on estates valued at more than £325,000, as being a wealth tax in all but name

Economics