Petition
75% of the UK support a wealth tax, the 2% over 10m in assets should be enforced
Rejected
13 signatures
What the petition asks
A 2% tax on assets over £10m could raise £24bn, helping plug fiscal black holes identified by Rachel Reeves. Reducing the need for future public service or benefit cuts, further tax increases, and would help the current economic climate when 50% of the wealth in the UK is held by 50* families.
Wealth inequality hasn’t been this severe since the 1980s. Just 50 families hold more wealth than half the UK, while workers face the highest tax burden since WWII. Patriotic millionaires support a 2% tax on assets over £10m, which could raise £24bn and protect vital services from further cuts.
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
| 13 Jul 2025 | Petition opened for signatures |
| 30 Jul 2025 | Rejected by the Petitions Committee |
Key facts
Signatures
13
Status
Rejected
Rejected
30 Jul 2025
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Source: the official petition page. Last checked 18 Aug 2026.