Government — NEW UK PM'S CHIEF STRATEGIST PREVIOUSLY LOBBIED FOR 2% WEALTH TAX

Matthew McGregor, the incoming chief political strategist for UK Prime Minister Andy Burnham, previously advocated for a 2% annual wealth tax on the "ultra-rich." As a former head of activist group 38 Degrees, McGregor endorsed a policy paper proposing the tax on assets over £10 million to raise £24 billion for public funds. His appointment signals a potential leftward shift in economic policy under the new administration.