Labour urged to consider wealth tax as Reeves visits Scotland – UK politics live | Politics

Good morning and welcome to the UK politics blog. My name is Tom Ambrose and I’ll be bringing you all the latest news lines throughout the day.

We start with news that the Treasury should consider a wealth tax to close the growing gap in the public finances, according to a Labour former shadow chancellor.

Anneliese Dodds, who held the role under Keir Starmer in opposition, said ministers must have a “full and frank discussion” with the public about the “really big decisions” they had to take at this autumn’s budget.

With Rachel Reeves aiming to fill a financial hole that economists say could exceed £20bn, the senior Labour MP said there was “no silver bullet” to funding big-ticket items such as defence,…