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The Independent UK
The Independent UK
Katrine Bussey

Millionaires group urge Reeves to introduce wealth tax to ‘lift kids of out poverty’

A group of wealthy Britons are calling for increased taxes on the rich, claiming that such measures could "lift kids out of poverty" and significantly contribute to rebuilding public services.

The campaign group, Patriotic Millionaires, believes Chancellor Rachel Reeves could generate up to £36 billion annually through reforms to capital gains tax and the introduction of a new wealth tax.

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