Macroeconomics: UK economy, IB Economics
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Macroeconomics: UK economy, IB Economics
A brief overview of relevant articles for IB and A-Level all relating to the UK economy
Curated by Graham Watson
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Call for wealth tax as UK billionaire numbers up by 20% since pandemic | The super-rich | The Guardian

Call for wealth tax as UK billionaire numbers up by 20% since pandemic | The super-rich | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it
‘Sudden explosion of billionaire wealth’ at the expense of the rest of society is ‘grossly unjust’, says new report
Graham Watson's insight:

Another call for a wealth tax, with the Equality Trust noting that the number of billionaires in the UK has increased by 20% since the start of the coronavirus pandemic, as a result of government intervention to support the economy. 

 

There are calls for a package of measures, not least the abolition of non-dom status, and a concerted attempt to reduce inequalities of income and wealth.

frankline's curator insight, January 24, 2023 8:23 PM

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The kings of capitalism are finally worried about the system that created them | Dominic Rushe | Opinion | The Guardian

The kings of capitalism are finally worried about the system that created them | Dominic Rushe | Opinion | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it
Now that the political debate has shifted, Bridgewater founder Ray Dalio is the latest in a bank of billionaires to talk about the gap between rich and poor
Graham Watson's insight:

Is inequality becoming more of an issue - certainly it seems to be the case in the US, and what starts there often transfers to the UK. When billionaires start worrying about inequality, then it probably is too high.

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Corbyn’s warning about the stinking rich could smell sweet to struggling workers | Business | The Guardian

Corbyn’s warning about the stinking rich could smell sweet to struggling workers | Business | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it
The UK now has more than 150 billionaires, and that ought to be an admission of failure, according to the opening shots of Labour’s election campaign
Graham Watson's insight:

The first part of this business leader, highlighting the extent of inequality in the UK. Worth a read.

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