Labour can raise £50bn from the wealthy to pay for public services without introducing a new one-off wealth tax, says the Guardian’s economics editor, Larry Elliott
. If ever there were any doubts that the Tories are on course to be booted out at the next election, then the events of the past few days have surely dispelled them. The government is a shambles and needs to be put out of its misery.
The Conservatives have also run out of luck. Even when there has been good news recently, such as theannounced last week by the Office for National Statistics, it has been outweighed by the fallout from the latest policy screw-up. Rishi Sunak is heading for defeat, and the only real issue is whether he can keep that defeat to respectable proportions.
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