Petition
Introduce a 2% wealth tax on people who own assets of £10 million or more
Rejected
21 signatures
What the petition asks
Introduce a 2% levy on individuals who own assets worth more than £10 million – it would affect 0.04% of the UK population and would raise £24 billion a year.
The UK is home to an extraordinary number of billionaires – their wealth has increased twelvefold in thirty years. While the world’s ten richest men recently doubled their fortunes in the space of two years.
Foodbank use is up nearly ten fold since 2012. The gap between those at the top of the wealth scale and those at the bottom is widening, with women and minority groups especially affected.
This would save having to make cuts elsewhere and help redistribute wealth to put money in working British people's pockets.
Foodbank use is up nearly ten fold since 2012. The gap between those at the top of the wealth scale and those at the bottom is widening, with women and minority groups especially affected.
This would save having to make cuts elsewhere and help redistribute wealth to put money in working British people's pockets.
Why it was rejected
There was already a petition about this issue. Duplicates are rejected so signatures collect in one place.
You may wish to sign this petition which calls for a similar action: Introduce a 2% wealth tax on assets over £10 million & tax reform
Timeline
| 18 Mar 2025 | Petition opened for signatures |
| 9 Apr 2025 | Rejected by the Petitions Committee |
Key facts
Signatures
21
Status
Rejected
Rejected
9 Apr 2025
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Source: the official petition page. Last checked 27 Jul 2026.