It is vital that tax inequality be addressed

IN 1940-41 Economist Maynard Keynes produced a book for the Government titled How To Pay For The War.

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Two solutions - the wealthy would have to pay more tax and reduce their consumption. He said that "ordinary people" contributing to victory had given all they could and had nothing else to give. The wealthy would still have a good life ordinary people did not have. This policy was introduced and continued with success, leading to victory.

There are options for Rachel Reeves to consider to raise revenue, a range of choice from taxation with no impact on those in work.

Tax on work is the highest taxation. 2024 Taxing Wealth Report shows there is the potential to raise an extra £90bn a year from fairly straight forward reforms of the UK’s existing tax system The report shows that those with wealth are massively undertaxed compared by those who work for a living.