Money Tips Daily By Charles Kelly, Former Ifa And Author Of Yes, Money Can Buy You Happiness.

UK government planning emergency wealth tax grab to pay for coronavirus pandemic In case you’re wondering how we are going to pay back all of this money that the government have printed and borrowed this year, take a look in the mirror. A one-off tax grab on wealth above £500,000 could recover much of the £280 billion the government has spent fighting coronavirus this year, according to a group of experts. A commission was set up led by assistant Professor Arun Advani at Warwick University last April to look into a wealth tax in Britain. Measures being considered include a 5% levy on: · housing · pensions · business · equity and · savings wealth. At £500,000, around 8 million Britons, or one and six adults, would be hit by the wealth tax...... Full articles and money news available at Money Tips Podcast - www.moneytipsdaily.com · Will stamp duty holiday be extended? · Biggest economic decline in 300 years · UK national debt now exceeds £2 Trillion · Government borrowing will reach £394bn · Average house price