Rachel Reeves is under pressure to consider a new levy to help balance the books. We look at her options
How Spain put up wealth taxes - without chasing away the billionaires
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.
The question now facing the chancellor is: who should pay more?
