If the UK introduced a wealth tax, it could potentially generate 22 billion pounds annually, more than enough to cover the announced rise in defence spending. But no, we're taking it from the foreign aid budget (that doesn't even cover it). www.theguardian.com/politics/202... - ThreadSky | a Reddit-style client for Bluesky

marcxsmith.bsky.social • 118 days ago

If the UK introduced a wealth tax, it could potentially generate 22 billion pounds annually, more than enough to cover the announced rise in defence spending. But no, we're taking it from the foreign aid budget (that doesn't even cover it).
https://www.theguardian.com/politics/2025/feb/25/starmer-planning-big-cuts-to-aid-budget-to-boost-defence-spending-say-sources

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