Labour's push for a 2% wealth tax on fortunes over £100 million could reshape UK fiscal policyExecutive summary: Labour leaders Andy Burnham and Wes Streeting have proposed a 2% levy on fortunes over £100 million with no exemptions, aiming to reverse rising inequality. The tax would affect the richest households and could influence wealth distribution and fiscal policy in the UK. Andy Burnham, Wes Streeting, Labour Party, and the targeted high‑net‑worth individuals. The proposal will move to parliamentary debate and may be subject to legislative approval.Labour leaders Andy Burnham and Wes Streeting have advocated a 2% levy on fortunes exceeding £100 million with no exemptions, aiming to reverse rising inequality. The proposal would affect individuals with net assets above the threshold and would require legislative approval. The move follows calls from party figures to use tax policy to rebalance wealth distribution. No formal legislation has been introduced yet.Connected developmentsMore than half of Labour's clean energy projects now have grid connectionEU draft regulation for a free digital euro service for the unbankedMore than half of clean energy schemes needed for Labour’s 2030 target offered grid connectionOpen the full case file on Beyond →
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