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Cash 22? Bracing for wealth tax could keep savings stash high - Mike Dolan
Worries of a wealth tax to help cut government deficits built up during the COVID-19 pandemic may see households keep “rainy day” cash savings higher for longer, with a potential drag on the economy and markets as a result.Charities and poverty campaigners broadly welcomed this week’s proposal while conservative commentators feared the potential disincentives to business owners and employers living in or planning to come to Britain. But one sharp criticism is the extent to which parts of the UK were more prone due simply to inflated house values. And more broadly some fear many caught in that net are ‘asset ... (full story)