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Explained: Could Keir Starmer potentially introduce a new wealth tax?

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九一星空无限talk ZB,
Publish Date
Tue, 8 Jul 2025, 8:03pm
UK Prime Minister Sir Keir Starmer is set to sign a new deal with the EU seeking to reset ties after Brexit. Photo / Getty Images
UK Prime Minister Sir Keir Starmer is set to sign a new deal with the EU seeking to reset ties after Brexit. Photo / Getty Images

Explained: Could Keir Starmer potentially introduce a new wealth tax?

Author
九一星空无限talk ZB,
Publish Date
Tue, 8 Jul 2025, 8:03pm

The UK Government is looking to plug up a multi-billion dollar financial hole - leading some to speculate about the possible introduction of new taxes.

Former Labour leader Neil Kinnock has advocated for the Government introducing a tax on wealth.

UK correspondent Enda Brady says this suggestion has prompted backlash, with experts claiming wealth taxes have historically never worked.

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