With the debt increasing by the hour due to the Governments restrictions on trading businesses resulting from Covid-19, it is becoming very clear that the way the Government tries to balance its books must change. One such way, suggested by the ‘Wealth Tax Commission’, is to charge a wealth tax on anyone who’s wealth is greater than £500,000! This will clearly bring many households into that tax rule unless the main residence is excluded. Even then what about the people that have been careful, made sacrifices and have invested to look after themselves in retirement? I would stress that this is only a suggestion put forward by the ‘Wealth Tax Commission’ but is it possible we will see the Conservative party become the ‘New Labour’ party?