Higher capital taxes on Britian's record levels of wealth are needed, says the Resolution Foundation, including a reform of Council Tax and Inheritance Tax.
Typical wealth across Britain increased by 13 per cent in real terms in the two years to 2014-16, but wealth inequality remains unacceptably high, the Resolution Foundation said in response to the ONS Wealth and Assets Survey
As the World Economic Forum meets in Davos this week, Christian Aid has released a new report which draws on the agency’s decades of experience in development work to offer a critique of the idea that pursuing increased GDP is the best way of relieving poverty.
Millennials will enjoy an ‘inheritance boom’ but it will be too late and too unequally shared to solve the generation’s home ownership and wealth inequality woes, according to the Resolution Foundation.
Commenting on yesterday's Budget, Dr Wanda Wyporska of the Equality Trust said, "we look set to remain a land of Food Banks and Ferraris for some time yet."
Transparency International is calling for central, public registers of the real owners of companies, as well as registers containing information on all parties to trusts.