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
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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.