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Labour's Jon Trickett
A NEW wealth tax could raise more than £218 billion over five years, stopping cuts to vital public services, research by Labour MP Jon Trickett revealed today.
The former frontbencher has proposed a radical overhaul of the tax system in his new report The Nature of Wealth in Britain: How Wealth Wields Power and the Case for a Wealth Tax.
In the report, the Hemsworth MP highlights four different options for a wealth tax, including a one-off payment, an annual tax and a hybrid targeting increases in wealth.
We cannot refuse to abolish the unjustifiable two-child benefit cap that pushes children into poverty while finding billions of pounds for defence spending — the membership and the public expect better from Labour, writes JON TRICKETT MP
Ahead of next year’s parliamentary elections, ROZ FOYER warns that a bold tax policy is needed to rebuild devastated public services which can serve as the foundation of a strong, fair economy