The political elite are as likely to vote for a proposed wealth tax “as turkeys voting for Christmas, according to Canada Life responding to the proposal of a one-off wealth tax from the Wealth Tax Commission.

Chancellor Rishi Sunak is to scrap the RPI measure of inflation used to calculate millions of pension holders’ annual pension increases despite strong opposition.

Chancellor Rishi Sunak has frozen public sector pay for most workers amid a raft of grim predictions for the UK economy he outlined to MPs today in the House of Commons.

A report from The Office for Tax Simplification, commissioned by Chancellor Rishi Sunak, has recommended a major overhaul of capital gains tax.