The UK is a wealthy country, but this wealth is very unevenly spread. The top 10% of households own almost half the UK’s riches.
This has real world consequences, the gap between the haves and the have nots means better life opportunities and health for some, compared to others.
That’s why we have launched a petition with 38 Degrees, urging the Chancellor, Sajid Javid, to act.
Wealth, such as land, shares and property are not effectively taxed. Our current system gives an advantage to those who live off their wealth, as opposed to those who work for a living.
One change that the Chancellor could adopt is taxing income from wealth at least as much as income from work. The Institute of Public Policy Research estimate that this would raise £90 billion over five years.
Our own polling commissioned with Oxfam showed the public overwhelmingly support this idea.
Join us in calling for an end to the low tax lifestyles enjoyed by some of the wealthiest people in the country and in urging a fairer Britain.