120 UK Millionaires Urge Burnham to Back 2% Tax on Wealth Above £10 Million
Updated
Updated · bbc.co.uk · Jul 23
120 UK Millionaires Urge Burnham to Back 2% Tax on Wealth Above £10 Million
3 articles · Updated · bbc.co.uk · Jul 23
Summary
An open letter signed by 120 wealthy Britons, including Gary Lineker, Brian Eno and Richard Curtis, asks new Prime Minister Andy Burnham to raise taxes on the very richest rather than on wage earners.
The group, organised by Patriotic Millionaires, backs a 2% levy on wealth above £10 million, arguing that untaxed wealth could be redirected into investment and a more equal society.
Burnham has not ruled out a wealth tax, saying before taking office that he might have to ask for "a little more" in tax at some point.
The appeal revives a campaign pushed in recent years, with the group also citing its own poll showing most millionaires support paying higher taxes themselves.