UK’s Richest Face Prospect of Labour Tax Hikes on Wealth
- Left-leaning think tank says taxes must rise to cut inequality
- Prime Minister Starmer has warned of pain in upcoming budget
This article is for subscribers only.
Britain’s Labour government has been urged to stick to its plan for higher taxes on wealth, even as business groups and advisers to the rich call for restraint.
Tax hikes would reduce steep inequalities between different parts of the UK, according to a new report from the Institute for Public Policy Research, a left-leaning think tank with a history of influencing the Labour party.