British Deputy PM Calls for "Wealth Tax"

It's only temporary, of course

Nick Clegg has called for a new emergency "wealth tax" on richer Britons during the economic downturn.

The Deputy Prime Minister said that "people of very considerable personal wealth have got to make a bit of an extra contribution" towards what he describes as the "national effort".

Mr Clegg will outline plans for his new wealth tax - which he suggests is necessary to ensure that British society remains "cohesive" - at the Liberal Democrats' party conference next month.