Starmer and Reeves should prepare UK for wealth tax, say top economists

PM could raise tens of billions' while positioning Britain as progressive, say Thomas Piketty and others

Keir Starmer and Rachel Reeves have been urged by a group of the world's leading economists to use the autumn budget to prepare Britain for the introduction of a new wealth tax to tackle extreme" levels of inequality.

With the government under pressure to raise taxes, the group of economists, including the French expert on wealth inequality Thomas Piketty, said the UK prime minister could raise tens of billions of pounds" while positioning Britain as a progressive leader on the world stage.