A left-wing think tank, the Institute for Public Policy Research (IPPR), has proposed a wealth tax targeting older people to help shore up public finances, arguing the current system is skewed towards taxing work and younger earners. The idea could feed into government thinking ahead of Chancellor Rachel Reeves's autumn Budget, given ongoing fiscal pressure and reports that senior Labour figures have not ruled out a wealth tax, though such a move would likely worry many older people who have saved for retirement or built up property wealth.

The Daily Mail is inviting readers to vote in its daily poll on whether older generations should face higher taxes to support public spending. This follows the previous day's poll, in which readers were asked whether doctors are overprescribing antidepressants; of more than 1,700 respondents, 90 per cent said yes and 10 per cent said no.