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A wealth tax abandoned: the role of the UK Treasury 1974-6

Glennerster, Howard (2011) A wealth tax abandoned: the role of the UK Treasury 1974-6. CASEpapers, CASE/147. Centre for Analysis of Social Exclusion, London School of Economics and Political Science, London, UK.

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Abstract

The distribution of wealth is widening in many countries and with it the importance of inherited wealth. In 1974 a Labour Government came to power in the United Kingdom committed to introducing an annual wealth tax. It left office without doing so. Using the official archives of the time and those of a key advisor this paper traces both the origins of the policy and its fate in Whitehall. It explores two related questions. What does this experience tell us about the role of the civil service in the policy process in the UK and what lessons might be learned by those wishing to tackle the issue of widening wealth disparities today?

Item Type: Monograph (Discussion Paper)
Official URL: http://sticerd.lse.ac.uk/case/
Additional Information: © 2011 The Author
Library of Congress subject classification: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HJ Public Finance
J Political Science > JN Political institutions (Europe) > JN101 Great Britain
Journal of Economic Literature Classification System: H - Public Economics > H2 - Taxation, Subsidies, and Revenue
Sets: Departments > Sociology
Collections > Economists Online
Research centres and groups > Suntory and Toyota International Centres for Economics and Related Disciplines (STICERD)
Research centres and groups > Centre for Analysis of Social Exclusion (CASE)
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Identification Number: CASE/147
Date Deposited: 23 May 2012 10:26
URL: http://eprints.lse.ac.uk/43894/

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