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Could a wealth tax work in the UK? A visual guide

Rachel Reeves is under pressure to consider a new levy to help balance the books. We look at her optionsHow Spain put up wealth taxes - without chasing away the billionairesA rise in taxation at the autumn budget looks inevitable, as Rachel Reeves grapples with £40bn hole in the public finances.That figure comes from a recent report by the National Institute of Economic and Social Research (NIESR), which blames the deficit on higher-than-expected borrowing levels and a weaker growth outlook for the UK economy. Continue reading...

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