Dr Arun Advani

Dale Vince, a millionaire businessman and founder of Ecotricity, advocates for a wealth tax on the ultra-rich, arguing it's time for the wealthy to contribute more to public finances. Arun Advani, an economics professor, explains how implementing such a tax could enhance social equity and government revenue. They discuss the complexities of wealth taxation, challenges of assessing assets, and the moral imperative to address economic disparities. The conversation touches on the contrast between tax rates for wage earners and wealth holders, advocating for fairer tax reforms.

Dr. Arun Advani, Professor of Economics at the University of Warwick, provides expert insights on the recent budget announcement. He discusses a monumental £40 billion tax increase affecting personal finances, including significant changes to inheritance tax and national insurance. The conversation includes implications for small businesses, particularly in hospitality, and examines the surprise cuts in alcohol duty, particularly for draft beer. Advani also tackles how these financial changes intertwine with government support for low-income households amidst growing economic pressures.

Join Professor Arun Advani, an economics expert, Emma Chamberlain, a tax barrister, and Dr. Andy Summers, a law scholar, as they dissect the relevance of a wealth tax in the UK. They reveal how the Wealth Tax Commission emerged during COVID and debate the merits of a one-off versus an annual wealth levy. Discussion includes the challenges of valuation, the impact on savings and investment, and the political obstacles faced in implementing reforms. They also explore international tax examples and the implications for funding public services.