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Closed Introduce a 2% wealth tax on assets over £10 million & tax reform

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We urge the Government to launch a 2% tax on assets over £10 million and implement tax reform measures such as closing loopholes in non-doms and inheritance tax and reducing taxes on regular working people. We think this could raise billions of pounds per year for public spending.

Many polls have found that a majority of Brits support a wealth tax. Around 21% of Brits live in relative poverty after housing costs. Oxfam found that UK billionaires’ wealth increased by £35m per day in 2024. We believe wealth, which could be going into government spending, social services, and supporting working people, is being trickled upwards into the pockets of those with more money. We believe this is happening in the midst of a rising tax burden and bills for working people.

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  • Petition closed

  • Related activity

    Government responds to petition on Disability Support Cuts

    The Government has responded to a public (paper) petition calling for a 2% wealth tax on assets over £10 million as an alternative to cutting disability support. The petition was presented to the House of Commons by Richard Burgon MP on behalf of residents of the United Kingdom.

    The petition asks the House of Commons to urge the Government to consider the resource benefits of wealth taxes as an alternative to cutting disability support.

    In response to the petition's request, the Government states that the wealthiest should contribute fairly and outlined recent tax reforms—including abolishing the non-domiciled tax status and increasing capital gains tax—to strengthen public finances. Alongside these measures, the Government is reforming the benefits system to improve employment outcomes and living standards, with nearly 4 million households set to benefit.

    What are public (paper) petitions?

    A public (paper) petition is a petition to the House of Commons presented by an MP.

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  • Petition published

    This petition can now be signed.

    If this petition gets 10,000 signatures, government will respond to it.

    If this petition gets 100,000 signatures, it will be considered for debate in Parliament.

    This petition will stay open until 8 October 2025.