Burnham urged to rule out wealth tax on growing capital flight fears - MoneyAge

Burnham urged to rule out wealth tax on growing capital flight fears - MoneyAge

Source: MoneyAge

DW NOTE

The UK government hasn't proposed a wealth tax. Industry lobbies are asking Burnham to "rule it out" to prevent hypothetical capital flight that hasn't happened. This is how fiscal policy gets constrained — not by parliamentary debate, but by preemptive surrender to threats of exit.

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