The Times reports that Jim O’Neill, one of the economic advisers brought on by Team Burnham to calm the markets during the Makerfield by-election, is refusing to join No10 partly because he fears it will impose a wealth tax. Doesn’t fill you with confidence, does it?
O’Neill is a former economist for Goldman Sachs and Tory Treasury minister who has been offered big jobs in No10. That fact that Burnham’s close allies are strong supporters of a wealth tax is keeping him away…
Burnham has refused to rule out such a tax so far. Despite doing so for others, like stamp duty reform…
Lord Khan in the Telegraph: “I hope, and I say this in a non-pompous way, that the public service I do will bring rewards in this world and the hereafter,” he says. “I’m hoping the work I do is earning me Brownie points.”