The Sunday Times Rich List calculates that the UK now has 177 billionairesLink opens in a new window, a record number.
Dr Arun AdvaniLink opens in a new window, Assistant Professor, Warwick Economics, comments:
"At a time when many households are struggling, it is striking to see how much wealth is increasing at the top. While this wealth is valuable to its owners, until assets are sold they won't be taxed. The voluntary nature of some taxes for the very wealthiest is precisely why, if we want to raise more tax revenue from the super-rich, an annual wealth tax is the only serious option."
20 May 2022
- Read Dr Advani's piece in today's Guardian hereLink opens in a new window.
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