Next month's spending review is poised for an economic reset, with former cabinet minister Louise Haigh advocating a bold wealth tax and increased public investment. Amid mounting pressure from Labour's ranks, Haigh, alongside Greater Manchester Mayor Andy Burnham, aims to reposition the party as a champion of working-class aspirations. Burnham will urge for new housing policies while Haigh's focus on tax reform aims to address systemic inequalities, suggesting a shift from taxing income to addressing wealth. Their comments highlight a pivotal moment for Labour's strategy and commitment to community investment.
Haigh will stress that the spending review must serve as a moment for economic reset, emphasizing a wealth tax to address inequality and public investment.
Burnham will call for setting a target for new social homes to exceed the number sold, underscoring Labour's commitment to the working class and housing issues.
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