Andy Burnham signals a wealth tax is off the agenda for now

Incoming prime minister says he doesn’t want to ‘create new divisions’ as Mahmood is tipped to be chancellor Andy Burnham has signalled that he will not increase wealth taxes immediately after becoming prime minister, easing concerns among the business community but limiting his economic room for manoeuvre. He said on Wednesday he did not want to “create new divisions” with his tax policy, in comments that allies said were a sign that he did not intend to raise money by taxing wealth. Continue…