Could a 2% wealth tax raise £24bn?

MAR 26, 202528 MIN
More or Less: Behind the Stats

Could a 2% wealth tax raise £24bn?

MAR 26, 202528 MIN

Description

<p>Some Labour politicians have been calling for a wealth tax, claiming a 2% tax could raise £24bn. Where are the numbers from and do they add up? </p><p>A listener asked why housing in the UK is the oldest in Europe. We explain what’s going on. </p><p>The Office for National Statistics has changed how it measures the value of pensions and knocked £2 trillion off its estimates of wealth. Not everyone thinks it was a good change. We find out why.</p><p>And Lent is here, but how long is the Christian fasting period? We look at the history of a very flexible 40 days. </p><p>Tim Harford investigates some of the numbers in the news, and the world around us. </p><p>Presenter: Tim Harford Reporter: Lizzy McNeill Producers: Nathan Gower and Charlotte McDonald Series producer: Tom Colls Production co-ordinator: Gemma Ashman Sound mix: Gareth Jones Editor: Richard Vadon</p>