Piketty Tells Starmer to Introduce a Wealth Tax in the UK

Prime Minister Keir Starmer has been urged by a group of economists including Thomas Piketty to implement a wealth tax they claim can raise tens of billions of pounds for the UK treasury.

The pressure on the Labour government to consider a levy targeting the rich increased on Monday after more than 30 largely left-leaning economists wrote a letter in support of a tax on assets above £10 million ($13.4 million). It proposed starting work on a tax at the autumn budget, when Chancellor of the Exchequer Rachel Reeves potentially faces a fiscal hole as large as £30 billion.

Starmer ...