Minister reopens door to wealth tax days after cabinet colleague calls it ‘daft’
A government minister has reopened the door to a wealth tax, just days after the business secretary dismissed the idea as “daft”. Asked about a wealth tax, policing minister Dame Diana Johnson said it is “important… that all these issues are looked at and discussed and we look at the evidence about what will work and what won’t work”.But last week, business secretary Jonathan Reynolds slapped down the concept, urging his colleagues to stop calling for a “magic wealth tax” that does not exist and dismissing it as “daft”. 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.Dame Diana Johnson left the door open to a wealth tax More