Government urged to consider wealth tax as chancellor visits Scotland

Good morning and welcome to the UK politics blog. My name is Tom Ambrose and I’ll be bringing you all the latest news lines throughout the day.

We start with news that the Treasury should consider a wealth tax to close the growing gap in the public finances, according to a Labour former shadow chancellor.

Anneliese Dodds, who held the role under Keir Starmer in opposition, said ministers must have a “full and frank discussion” with the public about the “really big decisions” they had to take at this autumn’s budget.

With Rachel Reeves aiming to fill a financial hole that economists say could exceed £20bn, the senior Labour MP said there was “no silver bullet” to funding big-ticket items such as defence, but the chancellor should consider tax rises.

Dodds quit her post as international development minister in February over the government’s decision to slash the aid budget to pay for increased defence spending – a move she said was a mistake that would have a big impact on global security.

With Russia and China already stepping into the gap to boost their own global influence, she said now was not the time for the UK to be “walking back” from using soft power.

Read the full report here:

Reeves is visit Scotland later today. She will visit RAF Lossiemouth in Moray and the St Fergus gas plant in Aberdeenshire on Friday.

The chancellor is expected to meet with 200 Boeing employees at the Lossiemouth military base, where three E-7 Wedgetail aircraft are being worked on, the National reports.

The UK government has previously said that its plan to increase defence spending to 2.6% of GDP could boost the economy by around 0.3% and create 26,100 jobs in Scotland.

In other developments:

Key events

The Green Party’s occasionally fractious leadership contest has entered its final stages as members begin voting on Friday.

The party’s more than 60,000 members face a choice between MPs Adrian Ramsay and Ellie Chowns, and an insurgent campaign led by London Assembly member Zack Polanski.

Ramsay, a current co-leader of the party, and Chowns have said that the Greens should “double down” on the “proven techniques” that saw them quadruple their representation in Westminster last year.

But Polanski has urged the party to be “bold”, pushing an “eco-populist” stance and seeking to emulate Nigel Farage’s success in creating headlines and catapulting his Reform UK to the top of the opinion polls.

Ramsay and Chowns have accused Polanski of using “polarising” language that only appealed to a “narrow segment” of voters.



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