A group of Labour MPs is advocating for a 2% tax on assets over £10 million, which they argue could generate £24 billion annually.
This proposal comes as Labour faces criticism over its economic policies, with concerns that upcoming budget plans could harm growth and investment. Additionally, Labour's plans to ease restrictions on union pay demands have sparked fears of increased strikes and potential tax hikes.
The party is under pressure to balance public trust on taxes while addressing wealth inequality.
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