The leadership crisis around Prime Minister Keir Starmer has renewed a debate over how the British government should raise revenue, and given those on the left of the ruling Labour party confidence to promote their pet cause: wealth taxes.
Andy Burnham, the betting markets’ favorite to replace Starmer, believes the country has “overtaxed labor and undertaxed wealth” and, at his official campaign launch last week, proposed higher taxes on land. His potential rival for the top job, Wes Streeting, is considered a more centrist option yet last week called for a “wealth tax that works” and pledged to ...
