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Asked in last night's BBC TV debate whether his party's manifesto sums on public services add up, Mr Corbyn replied: 'I'm absolutely sure that they add up.'But Home Secretary Amber Rudd, who appeared instead of Theresa May, said: 'I just have to take on some of Jeremy Corbyn's fantasy economics.'She said he was spending a 'magic money tree' while handling Britain's finances like Monopoly money.
Andrew Bridgen, Tory candidate for North West Leicestershire, said last night: 'It has been shown time and time again that Jeremy Corbyn's funding commitments don't add up.
But in France an annual tax of between 0.5 and 1.5 per cent is charged on anyone with assets worth more than £1.1million – which can include property, cars, jewellery and even furniture.He said: 'Wealth taxes might appeal to some on principle but they are a bad idea in practice.'Most wealth is tied up in property or pensions, meaning that many people would find it hard to pay a large tax bill without selling their homes or having less money to live on when they retire.'Anyone with shares in their own business may be forced to cash in earlier too.' The Labour manifesto said cash raised from a wealth tax would be used to fund a cap on the cost of social care, as well as free care for the terminally ill.A party spokesman said: 'A wealth tax is not Labour policy and we have no plans to introduce a wealth tax.There is a widespread public misconception about the level of difficulty of mathematics used by economists.Perhaps the real issue is not the difficulty but the "proper" use of maths in this field.