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A potential wealth tax has reared its head again this week after Lord Kinnock told Sky News at the weekend that Labour should introduce one.

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The two leaders meet in Downing Street ahead of a summit on Thursday, where the prime minister hopes to reach a returns agreement with France.

In a Conservative party full of old Etonians and toffs, Tebitt was one of very few cabinet ministers from a working-class background. He revelled in his reputation as a working-class bruiser.

Last week, the government won a vote on its benefits bill by 75 votes, but only after offering last-minute concessions to Labour rebels.

The government hopes that France's aim for "cooperation and tangible results" at this week's summit will give him a much-needed boost - especially after the welfare debacle.

The idea of a wealth tax has been raised before in the UK but has never been implemented.

Emmanuel Macron has said the UK and France have a "shared responsibility" to tackle the "burden" of illegal migration, as he urged co-operation between London and Paris ahead of a crunch summit later this week.

The Office for Budget Responsibility highlights pressure from spending cut U-turns, the pension triple lock and higher defence and climate costs.

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