Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - UK
The Guardian - UK
Comment
Polly Toynbee

George Osborne is a walking ad for a wealth tax. Labour should target the inheritocracy

George Osborne and his partner, Thea Rogers, at Wimbledon in 2022.
George Osborne and his partner, Thea Rogers, at Wimbledon in 2022. Photograph: Adrian Dennis/AFP/Getty Images

Now he’s retired from casting millions of people into poverty, George Osborne has become another flaunting, flamboyant example of a fast-growing phenomenon: the wealth he was born with sticks to him and accumulates.

A “windfall” for Osborne, says the Financial Times. He took a share of the £70m profits last week as partner in a boutique financial advisory firm. But windfall isn’t quite the word. It’s more like a salary, though less taxable: he took his share of £28m last year, £26.5m the year before and so on, alongside a string of other finance jobs, including cryptocurrency.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.