Could a wealth tax work in the UK? A visual guide

A wealth tax could raise significantly more revenue than a freeze on income tax thresholds. Composite: Getty/Guardian Design

A rise in taxation at the autumn budget looks inevitable, as Rachel Reeves grapples with £40bn hole in the public finances.

That figure comes from a recent report by the National Institute of Economic and Social Research (NIESR), which blames the deficit on higher-than-expected borrowing levels and a weaker growth outlook for the UK economy.