Will Rachel Reeves realise that by clobbering the wealthy, she hurts working people?

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Rumours the chancellor is considering a mansion tax to fill a hole in the Treasury finances show the government has once again misunderstood who and what really keeps the economy moving, writes Chris Blackhurst

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t is a classic PR trick to brief off-the-record that something dire may be about to happen – price rises, redundancies, closures – before an eventual announcement that is not as bad as trailed. Cue sighs of relief.