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Trickle-down economics is dead. It’s time to tax the rich harder

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The revenue the Treasury sorely needs must be sought from the ever-increasing wealth in Britain’s boardrooms

Pressure is building on Rishi Sunak to tax the City financiers and business owners that conventional Tory thinking states will quit Britain – or, less theatrically, restrain their entrepreneurial instincts – if they are forced to contribute more to the communal pot.

Study after study shows that the tenets of free-market thinking are deeply flawed and that nations that follow a tax-cutting agenda do nothing for the underlying strength of their economies.

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