Overview

• New Survation polling for Compass finds 57% of voters support taxing the wealth of the richest, with 19% opposed and a sample of 1,095 respondents.
• Campaigners point to a modelled 2% annual charge on net assets above £10 million as a route to raising significant revenue.
• Patriotic Millionaires UK members publicly endorse a levy, with Julia Davies saying it could raise about £24 billion a year.
• HMRC data show the number of non-doms leaving the UK was in line with or below forecasts, undercutting claims of a mass exodus.
• Rachel Reeves argues the tax system already asks more of the wealthy after ending non-dom status and increasing levies on private jets, second homes and capital gains, even as experts warn of a potential £40 billion funding gap before the autumn Budget.