What could a wealth tax look like in the UK?
July 9, 2025
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10:57Now PlayingWhat could a wealth tax look like in the UK?
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as posted by the channelIn a clip from today's PMQs reaction (still available in full on audio platforms), Oli and Ava debate the future of taxation in the UK, and outline what a more progressive system might look like. After last week's welfare rebellion and the Autumn budget fast-approaching, Rachel Reeves has holes in government finances to fill and limited options.
Reacting to recent proposals from Aaron Bastani, Oli and Ava debate the idea of lowering the income tax threshold from £12,500 to £8,000, and what that could mean for fairness, revenue generation, and public perception. They also explore broader proposals like a wealth tax, land value tax, inheritance tax reform, and fixing the broken council tax band system.
Would taxing household income rather than individuals create a fairer system? Is it time to overhaul how we fund local services, given ballooning council deficits? Ava and Oli grapple with these questions and the longer term economic case for public investment, infrastructure, and job creation through projects like new transport links and nuclear energy.
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