Thinktank report urges Andy Burnham to champion wealth tax and public ownership

The short version

• A Compass thinktank report compiles 70 proposals from 15 thinkers urging Andy Burnham to push for major inequality reforms ahead of the autumn budget.[The Guardian]
• Recommended measures include public ownership of energy networks, universal free personal social care, and a wealth tax on assets over £10m.[The Guardian]
• Proponents estimate tax reforms could raise tens of billions annually, though the Institute for Fiscal Studies cautions that equalising capital gains tax could reduce revenue.[The Guardian]

Key facts

• The Compass thinktank collated 70 policy options from 15 leftwing thinkers aimed at Andy Burnham ahead of the autumn budget.[The Guardian]
• Policy recommendations include establishing universal free personal social care and bringing gas and electricity networks into public ownership.[The Guardian]
• According to Tax Justice UK's Caitlin Boswell, imposing a wealth tax on net assets exceeding £10m would raise approximately £24bn annually.[The Guardian]
• Equalising capital gains tax with income tax rates is estimated to bring in an extra £11.3bn each year.[The Guardian]

Sources

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.

• Burnham urged to tackle inequality with policies including wealth taxThe Guardian - World