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42 days agoUK Labour Government to Propose Wealth Tax on Rich
The UK’s Labour government is preparing a new wealth tax targeting high-net-worth individuals as part of its fiscal policy agenda. The measure aims to raise funds for healthcare, education, and infrastructure projects. Business groups and economists have expressed concerns that such a tax may deter investment or trigger capital flight, while supporters argue it is needed to address widening inequality.
BBC• By Sneha Pathak
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42 days agoUK Labour Government to Propose Wealth Tax on Rich
The UK’s Labour government is preparing a new wealth tax targeting high-net-worth individuals as part of its fiscal policy agenda. The measure aims to raise funds for healthcare, education, and infrastructure projects. Business groups and economists have expressed concerns that such a tax may deter investment or trigger capital flight, while supporters argue it is needed to address widening inequality.
BBC• By Sneha Pathak
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about 1 month ago
1 min read
60 words
UK Labour eyes new wealth tax on rich to fund services, sparking investment fears.
The UK’s Labour government is preparing a new wealth tax targeting high-net-worth individuals as part of its fiscal policy agenda. The measure aims to raise funds for healthcare, education, and infrastructure projects. Business groups and economists have expressed concerns that such a tax may deter investment or trigger capital flight, while supporters argue it is needed to address widening inequality.
The UK’s Labour government is preparing a new wealth tax targeting high-net-worth individuals as part of its fiscal policy agenda. The measure aims to raise funds for healthcare, education, and infrastructure projects. Business groups and economists have expressed concerns that such a tax may deter investment or trigger capital flight, while supporters argue it is needed to address widening inequality.
Tags:
UK politics
wealth tax
UK politics
wealth tax
Labour government
public finance
Sep 28, 2025 • 08:35 IST