The Guardian7h agoSource

Wealth tax on UK’s super-rich could raise £10bn a year, Andy Burnham told

The News

Academics have urged UK Prime Minister Andy Burnham to introduce a 2% wealth tax on households with over £100m, which they claim could raise £10bn annually and affect fewer than 1,000 of the richest households. The proposal is part of Burnham's plans to make the tax system fairer and fund public services. The study was conducted by economists Gabriel Zucman of the Paris School of Economics and Ben Tippet of King's College London.

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Why it matters

Tax rate 2% on wealth above £100m.

Evidence

Academics urged Andy Burnham to include the wealth tax in his plans to make tax fairer.

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Academics urged Andy Burnham to include the wealth tax in his plans to make tax fairer.

The Guardian
Economicscore: 80
  • Tax rate 2% on wealth above £100m.
  • Estimated revenue £10bn annually.

Plain English

<p>New prime minister urged to introduce 2% minimum charge on households with more than £100m in wealth</p><p>A wealth tax on the UK’s super-rich households could raise £10bn a year, according to academics who urged Andy Burnham to include the measure in his plans to “make tax fairer” and pay for better public services.</p><p>The sum could be raised through a 2% minimum charge on households with…

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Claims

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Unconfirmed

Academics urged Andy Burnham to include the wealth tax in his plans to make tax fairer.

The Guardian
Unconfirmed

A wealth tax on UK's super-rich households could raise £10bn a year.

The Guardian
Unconfirmed

The tax would be a 2% minimum charge on households with more than £100m in wealth.

The Guardian
Unconfirmed

The tax would affect fewer than 1,000 of the richest UK households.

The Guardian
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