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Taxing the wealthy not working people: we have the solutions
Labour has broken ground on closing loopholes used by the super rich, but we need to think bigger and go deeper — changing the whole tax system to address inequality with the introduction of a 'wealth tax,' argues JON TRICKETT MP
Money

THE LABOUR PARTY this week has demanded an Emergency Budget in response to the cost-of-living crisis and confirmed the party’s re-commitment to the abolition of non-dom tax status.

Both announcements come as rocketing inflation outstrips pay and social security rises and in the aftermath of news that, as a non-dom, the Chancellor’s wife has not previously paid UK tax on earnings outside the UK.

The Emergency Budget demand, whilst a positive headline, would have hit home better and motivated voters ahead of the local elections, with some concrete commitments to lift incomes through increased social security payments, a higher national minimum wage and a large public-sector pay increase.

Liberation webinar, 30 November2024, 6pm (UK)
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