By Dr Ellie Chowns MP

The government heads into the autumn budget facing a stark choice.

Reports suggest the Chancellor is trying to plug a fiscal “black hole” of up to about £50 billion - and whatever fills it will decide who pays and who prospers.

The last thing we should do is squeeze people who are already struggling: people with disabilities, families on low incomes, and communities already hit hardest by cuts.

Instead, we can be bolder and fairer, raising the money by asking those who can most afford it to do a little more.

Here are four practical, popular, and progressive policies Labour could introduce without making ordinary people pay the price.

For too long has the tax system worked in favour of the super-rich, letting vast fortunes grow untouched while asking for more from working people. An annual wealth tax of just 1 per cent on assets worth over £10 million and 2 per cent on assets worth over £1 billion would raise billions of pounds a year while only affecting the very richest; it would apply to only a tiny number of people in the UK.

This would tax assets, rather than further taxing income earned from work.

This would ensure that those who benefit from extreme wealth pay their fair share, without disincentivising work.

Introducing this wealth tax is extremely popular with the public; polling finds that

© LBC