KillBait - News highlights delivered clearly and responsibly—no clickbait, no sensationalism
Millionaires Push for Higher Taxes on Wealthiest in UK
Photo: BBC
2026-07-23 15:14   Politics   10

Millionaires Push for Higher Taxes on Wealthiest in UK

A group of 120 wealthy individuals, including former footballer Gary Lineker and music producer Brian Eno, have written an open letter to new Prime Minister Andy Burnham urging a higher tax on the richest members of society.

The letter, organized by the Patriotic Millionaires, argues that the ultra-wealthy can afford to pay more taxes to promote equality and reinvest in public services.

The campaigners propose a 2% tax on wealth exceeding £10 million, emphasizing that this would devolve power and resources from the wealthiest to communities.Conservative leader Kemi Badenoch welcomed the initiative but stressed that any major changes would require legislative action.Treasury Chief Emma Reynolds acknowledged the voluntary donation facility but noted that significant reforms would be announced during the Budget.The campaign follows previous calls for wealth taxation, with Burnham hinting at potential future measures.Signatories include notable figures such as Richard Curtis and Val McDermid, who argue that the current economic system favors a small elite.

The letter criticizes outdated economic thinking and advocates for a more equitable distribution of wealth to secure Britain's long-term prosperity.

Full reading at BBC

2186 
Top Trends
Topics
Top visited