Would a wealth tax save Rachel Reeves?

The News Agents

Tuesday, 8 July 2025 - 39 minutes

The government has studiously avoided ruling out a wealth tax this week. Minister after minister has refused to knock down the suggestion, despite the Chancellor having dismissed the idea as recently as April. So what's changed? Could a levy on wealthy individuals be on the cards for October's budget? Would it even raise any money - or is Rachel Reeves in danger of scaring wealth creators out of Britain? We speak to the incoming director of the IFS, Helen Miller.

And later, why the failure to produce an 'Epstein client list' is sending MAGA crazy - and why bad bosses who try and gag their employees are due a reckoning.

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