The fact that chatter about a wealth tax is increasing to the point where it could become reality in the UK should not be a surprise. But it would be a very odd thing for a Conservative government to be the one to actually implement it.
The Bank of England has reason to pat itself on the back. During the financial crisis of 2007-2009, things could have taken a very ugly turn if it hadn’t cut interest rates to record lows and hadn’t started printing money.
The way the markets have reacted to Brexit, you’d be forgiven to wonder what the fuss was all about.
UK household wealth surged by 19% in a year to reach 9.1 trillion pounds ($14.4 trillion) at the end of 2014, data from Lloyds Bank Private Banking show.