Rich List 2021: calls for wealth tax after billionaires enjoy Covid jackpot

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A record year for Britain’s billionaires, revealed in the Sunday Times Rich List, has sparked calls for an overhaul of the way the super-rich are taxed.

The annual rankings saw the wealth of each of the UK’s 250 richest people grow at an average rate of more than £1 million a day in a year when nearly 130,000 people have died in the pandemic, millions have been furloughed and hundreds of thousands have lost their jobs.

The combined wealth of Britain’s billionaires climbed to £597.3 billion, up 21.7 per cent in the past year.

John Caudwell, the billionaire mobile phones magnate, who has appeared on the list for many years, urged the chancellor to target those who have profited from the pandemic and described

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