What is a wealth tax and would it work in the UK?
Briefly

What is a wealth tax  and would it work in the UK?
"Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging. At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story."
"Pressure is growing on Rachel Reeves to find new ways to boost the ailing economy as economists warn the Treasury may need to find at least 22bn at the upcoming Budget. Many now predict the chancellor will have little choice but to raise taxes to find more funds for government coffers, as rising borrowing costs and weak growth forecasts drastically reduce her room for manoeuvre."
"However, an increasing number of campaigners have said a wealth tax' could shore up government funds, and likely without forcing ministers to row back on pledges. This an economic policy adopted by very few countries, which focuses on the ultra-rich. Pressure is growing on Rachel Reeves to find new ways to boost the ailing economy (PA) Cabinet ministers have so far rejected calls for"
The Independent covers major issues from reproductive rights to climate change and Big Tech, sending reporters to develop stories on the ground. The outlet investigates financials like Elon Musk's pro-Trump PAC and produces documentaries such as 'The A Word' about American women fighting for reproductive rights. The Independent avoids paywalls and requests donations to continue sending journalists and to remain accessible across the political spectrum. Meanwhile, Rachel Reeves faces pressure to find at least £22bn for the upcoming Budget as rising borrowing costs and weak growth shrink fiscal room. Options under consideration include raising income tax or a targeted wealth tax focused on the ultra-rich, despite cabinet resistance.
Read at www.independent.co.uk
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