Tuesday, 27 October 2026 Updated 24 min ago
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Why won't MPs tax the rich? We asked them – and their answers gave us hope | Faiza Shaheen

Even most Reform voters are in favour of a tax on the super-wealthy.

Image accompanying the story: Why won't MPs tax the rich? We asked them – and their answers gave us hope | Faiza Shaheen
Image: Photograph: Henry Nicholls/AFP/Getty Images · via The Guardian

The Guardian reports: Even most Reform voters are in favour of a tax on the super-wealthy.

Yet the first budget of the Burnham era looks set to dodge the issue In John Healey’s first budget this week, we will finally get a sense of the economic policies that will deliver Andy Burnham’s pledge to end neoliberalism. Capital gains tax equalised with income tax?

This business story centres on the United Kingdom. Names and organisations mentioned in the coverage include MPs, Faiza Shaheen and Andy Burnham.

Why it matters

Moves like this are watched by investors, employers and consumers because of their potential effect on markets and the wider economy.

Key details

Location
United Kingdom · Europe
Reported by
The Guardian
First reported
Key names
MPs, Faiza Shaheen, Andy Burnham, Reform
Section
Business
Figure cited
Even the briefed increase in the banking surcharge only takes us back to where it was until the Conservatives cut it in 2023. (The Guardian)

Sources

This is an independent summary. Read the full, original reporting from the publisher:

Read the full story at The Guardian

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