Introduce a fair 2% wealth tax on the richest 1% to end pensioner poverty

Rejected 14 signatures

What the petition asks

We call on the Government to introduce a modest 2% wealth tax on the richest 1% with assets over £10 million to combat rising pensioner poverty. This tax would fund fair pensions and support, helping older people avoid choosing between heating and food, without harming those who are comfortable.

We urge the UK Government to introduce a modest 2% wealth tax on the richest 1% with assets over £10 million to help eradicate pensioner poverty. Many older people struggle to afford essentials like heating and food. A 2% annual tax could raise around £24 billion, providing vital funds for fair pensions and targeted support. This ensures the wealthiest pay their fair share without affecting those comfortably off, promoting dignity, reducing inequality, and fostering prosperity for all.

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 the same action: Introduce a 2% wealth tax on assets over £10 million & tax reform

Timeline

18 Jul 2025	Petition opened for signatures
31 Jul 2025	Rejected by the Petitions Committee

Key facts

Signatures 14

Status Rejected

Rejected 31 Jul 2025

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