Britain's great tax delusion

<p>Rishi Sunak earned almost £5m in the past three years, yet this was only taxed at a rate of 22%. Britain's tax system is broken, focusing on income rather than wealth, and it seems like no one plans on doing anything about this. </p><br /><p>Shadow chancellor Rachel Reeves has explicitly stated that should Labour come into power, a wealth tax will not be introduced. In this episode, staff writer Harry Lambert sets out how Labour could raise £28billion by adopting a wealth tax, and how this could help narrow the gap between Asset Britain and Austerity Britain.</p><br /><p><strong>Read Britain’s great tax con here: </strong></p><p><a href="https://www.newstatesman.com/politics/economy/2023/08/britains-great-tax-con" rel="noopener noreferrer" target="_blank">https://www.newstatesman.com/politics/economy/2023/08/britains-great-tax-con</a></p><br /><p><strong>Download the New Statesman app:</strong></p><p>iOS: <a href="https://apps.apple.com/gb/app/new-statesman-magazine/id610498525" rel="noopener noreferrer" target="_blank">https://apps.apple.com/gb/app/new-statesman-magazine/id610498525</a></p><p>Android: <a href="https://play.google.com/store/apps/details?id=com.progressivemediagroup.newstatesman&amp;hl=en_GB&amp;gl=US" rel="noopener noreferrer" target="_blank">https://play.google.com/store/apps/details?id=com.progressivemediagroup.newstatesman&amp;hl=en_GB&amp;gl=US</a></p><br /><p><strong>Subscribe to the New Statesman from £1 per week:</strong></p><p><a href="https://newstatesman.com/podcastoffer" rel="noopener noreferrer" target="_blank">https://newstatesman.com/podcastoffer</a></p><br /><p><strong>Sign up to our weekly Saturday Read email</strong></p><p><a href="https://saturdayread.substack.com/" rel="noopener noreferrer" target="_blank">https://saturdayread.substack.com/</a></p><p><strong>LISTEN AD-FREE:</strong></p><p>📱<a href="https://www.newstatesman.com/politics/2022/06/newapp" rel="noopener noreferrer" target="_blank">Download the New Statesman app</a></p><br /><p><strong>MORE FROM THE NEW STATESMAN:</strong></p><p>❓ <a href="https://www.newstatesman.com/podcasts/2022/10/you-ask-us" rel="noopener noreferrer" target="_blank">Ask a question</a> – we answer them every Friday</p><p>⏰ <a href="https://morningcall.substack.com/subscribe" rel="noopener noreferrer" target="_blank">Get our daily politics newsletter</a> every morning</p><p>✍️ <a href="http://saturdayread.substack.com/subscribe" rel="noopener noreferrer" target="_blank">Enjoy the best of our writing</a> via email every Saturday</p><hr /><p style="color: grey; font-size: 0.75em;"> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color: grey;" target="_blank">acast.com/privacy</a> for more information.</p>