Proposal for a wealth tax

Early day motion 1725, tabled 21 July 2025 by Richard Burgon (Labour). Signed by 53 members.

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.

Signatures by party: Labour 26, Independent 13, Green 4, Plaid Cymru 4, Scottish National Party 3, Social Democratic and Labour Party 2, Alliance 1.