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A wealth tax could raise as much as £55bn - but is it really the answer?

A wealth tax could raise as much as £55bn - but is it really the answer?
Our friends at Tortoise are hosting an all-day summit on the Future of Money this coming Thursday. They’ve opened up the exclusive event to a small number of City A.M. readers, who can register here with the code GUESTOFCITYAM.
Here, Tortoise’s Kim Darrah and Giles Whittell look at what a mooted wealth tax could mean for the UK’s most prominent business figures…
The idea of taxing assets as opposed to income normally gets short shrift in the UK, but these aren’t normal times. Budget day is two weeks away and Rishi Sunak is looking at a Covid-19-shaped hole in the public finances. ....

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RAF 'Spitfire woman' Eleanor Wadsworth dies aged 103

Last modified on Sun 10 Jan 2021 23.36 EST
A trailblazing pilot who was one of the last surviving women to have taken on the task of transporting aircraft to the frontlines of the second world war has died at the age of 103.
Nottingham-born Eleanor Wadsworth, who served as one of the RAF’s “Spitfire women” during the conflict, died in December in Bury St Edmunds, Suffolk after a short illness. She was one of about 165 women who flew without instruments, flying instructions or radios.
Operating out of White Waltham in Berkshire, the Air Transport Auxiliary (ATA) programme trained female pilots to fly numerous types of aircraft and played a crucial part in ensuring the RAF was able to fight. ....

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