Economists pen open letter calling for a UK wealth tax

In the letter, the economist signatories highlighted that we are living in an era "defined by profound challenges from extreme inequality to climate breakdown, all of which are contributing to growing fiscal demands on the state in the UK and globally". The letter read: "The UK – like many advanced economies – has seen wealth concentrated in fewer and fewer hands. Data shows us that a tiny minority of people now own an outrageously imbalanced share of the country's wealth." According to the economists, fewer than 50 families own more than 30 million people in the UK, while globally th...