Good evening. Rachel Reeves has opened the door to a wealth tax ahead of her maiden Budget as the Government faces growing pressure from union bosses.
Elsewhere in today’s newsletter, the Duchess of Sussex has revealed she uses her global spotlight to help sell clothes.
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Wealth tax looms amid pressure from Labour’s union paymasters
The Chancellor refused to rule out a direct tax on the wealthiest households on Wednesday after Unite, the UK’s largest union, said it was time for a raid on “the super-rich”. It will fuel further fears of a tax grab after Sir Keir Starmer warned of a “painful” Budget as the Government seeks to fill what it claims is a £22bn “black hole” in the public finances.
