The Taxing Wealth Report 2024 seeks to answer the question that every journalist loves to ask of every politician, which is ‘how are you going to pay for it?', whatever 'it' might be.
What we know is that all our leading political parties, and Labour most especially, are acting as if they still believe Liam Byrne's claim, made in 2010, that ‘there is no money left'.
The Taxing Wealth Report shows that by making up to thirty relatively simple changes to existing UK taxes, up to £90 billion of new tax revenue could be raised a year, entirely from those who are well off or who are straightforwardly wealthy. Only those in the top 10% of income earners should be affected.