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To: Keir Starmer, Prime Minister & Rachel Reeves, Chancellor of the Exchequer

Tax the super-rich: Spread wealth, not hate.

Apply a 2% tax on wealth over £10 million and raise up to £24 billion a year to invest in our communities, tackle the real drivers of poverty, and starve the far right of the fear and division they feed on.

Why is this important?

Everyone should be able to afford to hope. But across the UK, millions are barely staying afloat. Energy bills are bursting family budgets, childcare costs are washing away wages, and home ownership has become a pipe-dream for most. Meanwhile, the super‑rich keep getting richer and richer, faster and faster.

We all built this country together, yet only a tiny handful are reaping the rewards. And they know it can’t last. That’s why they’re trying to distract us: funding the far right, scapegoating migrants and refugees, and pushing us to fear the people beside us. They want us to hate our neighbours instead of questioning the tiny handful, picking our pockets, and hoarding the wealth we all create.

A 2% tax on extreme wealth on fortunes over £10 million would raise £24 billion every year and make sure those making millions from stocks and shares in fossil fuels would help insulate homes and cut heating bills for the rest of us; that those who’ve inherited private art galleries and classic car collections keep public art alive and trains and buses running for the next generation; and that those living in mansions, bought from the profits from our rents on their massive property portfolios, chip in to make affordable homes an aspiration not a fantasy. 

We can’t afford to hate. But if we tax wealth properly, we can afford to hope again. 

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Updates

2026-03-24 14:26:28 +0000

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