Sir Keir Starmer is under pressure to introduce a wealth tax due to a significant public finance shortfall, as polling reveals that 91% of Labour members support taxing the rich. Deputy Prime Minister Angela Rayner has urged Rachel Reeves to explore multiple wealth taxes rather than implement departmental cuts. Former Shadow Chancellor Anneliese Dodds has also endorsed the wealth tax, cautioning that spending cuts won't suffice for fiscal needs. The National Institute of Economic and Social Research has indicated the Chancellor confronts a £41.2 billion deficit that needs addressing.
Sir Keir Starmer faces pressure from Labour members after a poll shows 91% support for a wealth tax, aimed at resolving a significant public finance shortfall.
The government is urged to adopt radical fiscal changes, including taxing the rich, to address a potential £41 billion deficit highlighted by the National Institute of Economic and Social Research.
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