Could Andy Burnham introduce a wealth tax – and how much would it raise?

• Academics propose a two per cent wealth tax on households with over £100m in assets, estimated to raise £10 billion annually.
• The proposed tax would affect fewer than 1,000 of the UK's wealthiest households and aims to reduce runaway inequality .
• Andy Burnham has hinted at tax reforms and declined to rule out a wealth tax, suggesting his government might "ask for a little more".
• The report, by Gabriel Zucman and Ben Tippet, suggests the tax would cover various assets including property , private businesses, and art to prevent avoidance.
• The authors argue this targeted approach differs from past unsuccessful wealth taxes by focusing on the extremely wealthy with strong administrative enforcement.

IN FULL

Wealth tax could raise £10bn a year, academics tell Andy Burnham