Former Chancellor Kwasi Kwarteng has predicted that Sir Keir Starmer's Government will implement a wealth tax before the end of this parliamentary term.

Speaking to GB News, Kwarteng cautioned that Britain faces an economic "doom loop" of escalating taxation, reduced growth, and an exodus of affluent individuals from the country.

Former Chancellor Kwasi Kwarteng has predicted that Sir Keir Starmer's Government will implement a wealth tax before the end of this parliamentary term.Speaking to GB News, Kwarteng cautioned that Britain faces an economic "doom loop" of escalating taxation, reduced growth, and an exodus of affluent...{ai:summary}<p>Former Chancellor Kwasi Kwarteng forecasts that Sir Keir Starmer's Government will introduce a wealth tax before the parliamentary term concludes. He warns that the UK is heading into an economic "doom loop" characterized by rising taxes, slowing growth, and the departure of wealthy citizens. </p><p>#economy</p>

Kwasi Kwarteng says the 'next four years with Labour will only get worse'

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