Next week, former Chancellor Jeremy Hunt will join Marc Sidwell for a special interview as Rachel Reeves delivers her much-anticipated Budget. Ahead of that, Henry Hill, deputy editor of Conservative Home, assesses the political allure—and economic illusion—of a wealth tax. From the risks of capital flight to the moral tension between fairness and prosperity, the conversation explores whether any government can afford to punish success without hurting growth.

Are we witnessing the rise of a new class war in British politics? As Labour eyes higher taxes on those with the “broadest shoulders” and the Greens embrace what they call “eco-populism,” the rhetoric around wealth and fairness is sharpening. But would taxing the rich really fix Britain’s economic woes—or simply drive away the people who keep the system afloat?

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