Andy Burnham will 'cost taxpayers billions' it was warned on Monday – after the new PM's Labour pals piled more pressure on him to introduce a wealth tax. In troubling news for Britain's highest earners, Mr Burnham has been urged by a staunch ally to bring in a two per cent wealth tax at his first Budget next month. But Mr Burnham was warned last night that caving to demands for a wealth tax would 'send the signal that Britain is not a place for aspiration, investment or success'. 'Andy Burnham would do well to ignore those around him who are pushing for wealth taxes if he wants to see Britain return to growth.' Labour MP for Middlesborough Andy McDonald told The i Paper that Labour 'should seriously consider a wealth tax' as does 'a replacement of council tax'.