Tax the rich more to fill black hole in public finances, Labour members tell Starmer
Sir Keir Starmer is under growing pressure to introduce a wealth tax to fill a black hole in public finances, after new polling shows almost all Labour members back the move. The prime minister has been urged to adopt a “radical change of direction” after a survey, shared exclusively with The Independent, showed that 91 per cent of party members think the government should tax the rich more. It comes after deputy prime minister Angela Rayner pressed Rachel Reeves to consider eight wealth taxes rather than impose cuts on departments in a leaked memo earlier this year. Former shadow chancellor Anneliese Dodds also weighed in, backing a wealth tax and warning that spending cuts will not “deliver the kind of fiscal room that is necessary”.It comes amid mounting questions over how the government will raise the money to fill the black hole in the public finances left by a series of major U-turns and spending commitments, with the National Institute of Economic and Social Research (NIESR) – a leading economic think tank – last month warning the chancellor is facing a £41.2bn shortfall. ( More