Taxing wealth is only part of the solution to growing inequality

Taxing wealth is only part of the solution to growing inequality

Owen Jones is right to identify the lack of ambition in tackling wealth inequality ( Labour must be bolder – only a wealth tax can defeat inequality, 23 March ). With the top 1% of the UK owning about 24% of the nation’s wealth, it is clear we are at risk of inequality becoming entrenched for generations. Labour’s 2017 manifesto might have been its boldest in decades, but it was not a particularly radical offer. Their plans would only have increased public spending from around 40% to 42% of GDP. This is not enough to rescue our NHS, social […]

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