The UK's new leader moved to remove VAT from electricity bills from October 1. The move comes before Burnham chairs his first cabinet meeting later today. New prime minister urged to introduce 2% minimum charge on households with more than £100m in wealthA wealth tax on the UK’s super-rich households could raise £10bn a year, according to academics who urged Andy Burnham to include the measure in his plans to “make tax fairer” and pay for better public services.The sum could be raised through a 2% minimum charge on households with more than £100m in wealth and would affect fewer than 1,000 of the richest UK households, according to the study by Gabriel Zucman, a professor of economics at the Paris School of Economics, and Ben Tippet, a lecturer in economics and wealth inequality at King’s College London.
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