Early day motion tabled by primary sponsor Richard Burgon (Labour), on Monday, 21 July 2025, in the House of Commons. It is signed by 53 members in total.
Proposal for a wealth tax
That this House welcomes the proposal from leading tax experts for the introduction of an annual wealth tax of 2% on individual assets over £10 million, which could raise an estimated £24 billion each year; believes that such a measure would represent a fairer alternative to cuts and could provide urgently needed resources to tackle the poverty and inequality that blights our society; and calls on the Government to bring forward proposals for such a tax on extreme wealth ahead of the next Budget.
Secondary information
- Type
- Early day motion
- Reference
- 1725
- Session
- 2024-26
- Other sponsors
- Imran Hussain
- Kim Johnson
- Ian Byrne
- Kate Osborne
- Bell Ribeiro-Addy
- Subjects
- Taxation Wealth
- Link
- View this Early day motion on edm.parliament.uk
Librarians' tools
- Timestamp
- 2025-11-20 15:33:11 +0000
- URI
- http://data.parliament.uk/edms/64124
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/edms/64124
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/edms/64124