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Support Grows for Wealth Tax Amid UK’s £130B Deficit

9/24/2025

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Story summary
  • Proposed wealth taxes gain public support, but entrepreneurs warn they could dampen investment and innovation.
  • The UK faces a £130 billion deficit, with rising debt-servicing costs challenging fiscal stability.
  • An ageing population and rising pension costs push up liabilities, with projections of a significant rise.
  • Wealth inequality grows as inflated housing prices block many young people from entering the market.