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Wealthy UK Millionaires Demand Higher Taxes | UK News

Wealthy UK Millionaires Demand Higher Taxes | UK News

Published 4 days, 13 hours ago
Description

A hundred twenty millionaires in the UK, including Gary Lineker, are urging the Prime Minister to tax wealth over £10 million at 2%—a move they say could raise £24 billion annually to tackle inequality, fund infrastructure, and support small businesses. While some, like James May, argue wealthier individuals already pay enough and should donate directly to causes they care about, polling shows most millionaires back the idea. The government remains cautious, noting any major tax changes would likely come via the budget and that higher contributions are already possible through existing channels. The debate over wealth, responsibility, and national investment is heating up.

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