Give the people what they want ...A WEALTH TAX

Majority of public in favour of targeting rich, Time for government to deliver, says TUC chief

- LIZZY BUCHAN

LABOUR must slap wealth taxes on the super-rich to prove it is on the side of ordinary people, a trade unions chief has said.

TUC general secretary Paul Nowak said Chancellor Rachel Reeves must target the wealthy to restore a sense of fairness to voters who are struggling to make ends meet.

He today proposes a package of taxes on wealth, banks and gambling companies to fund public services and rebuild Britain after years of Tory rule.

Yesterday, Ms Reeves announced she would deliver a Budget on November 26, when she is expected to hike taxes to balance the books.

She acknowledged the economy is not working well enough for ordinary people and promised a “tight grip” on spending.

INEQUALITY

The TUC's plans include a windfall tax on bank profits, a 2% wealth tax on those with assets over £10million and higher taxes on online gambling.

They are popular with voters, with 68% in favour of the move – rising to 78% among Labour voters considering switching to Reform UK.