Early day motion · EDM 340 · 30 Oct 2024

2% wealth tax

Tabled by Iqbal Mohamed (Independent) 14 signatures

The motion

That this House notes the growing disparity in wealth distribution within the UK; recognises the need for a fairer tax system that ensures the wealthiest individuals contribute their fair share to society; calls on the Government to introduce a 2% annual wealth tax on individuals with assets exceeding £10 million; believes that such a tax would generate significant revenue that could be used to fund essential public services, reduce inequality, and support economic recovery; and urges the Government to consider the implementation of this policy as a step towards a more equitable and just society.