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Why Starmer won't rule out a wealth tax
July 09, 2025 · 29 min

At today's PMQs, Labour leader Keir Starmer refused to rule out a new wealth tax.

Leader of the Opposition Kemi Badenoch demanded a cast-iron guarantee that there won’t be an autumn Budget raid on wealth, but the Prime Minister couldn’t give one, fuelling Tory claims that a “toxic cocktail” of Labour tax rises could be on the way.

Tim Stanley and Gordon Rayner are joined by Daily Telegraph Economics Reporter Emma Taggart to discuss what a potential 2% wealth tax on assets over £10 million, suggested by Labour grandee Lord Kinnock, could mean for savers, homeowners, and the British economy.

And if you visit Heathrow this summer, Grammy-nominated artist Jordan Rakei has turned the airport’s everyday noises into a four-minute ambient soundscape designed to soothe travellers. But will it calm the nerves of our resident anxious flyer Tim Stanley?

Producer: Georgia Coan

Senior Producer: John Cadigan

Planning Editor: Venetia Rainey

Social Media Producer: Ece Celik

Video Editor: Will Walters

Studio Operator: Meghan Searle

Original music by Goss Studio

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