PARLIAMENTARY DEBATE
Wealth tax in the Autumn Budget - 28 October 2024 (Commons/Commons Chamber)
Debate Detail
Richard Burgon
Leeds East
I rise to present a petition on wealth taxes in the autumn Budget, further to a corresponding online petition signed by over 50,000 people.
The petition states:
The petition of residents of the United Kingdom.
Declares that a 2% Wealth Tax on assets over £10 million, a measure to equalise Capital Gains Tax with Income Tax rates, and measures to end state subsidies to fossil fuel giants and to close loopholes in the oil and gas windfall tax should be brought; and further notes that these measures would generate an additional £45 billion per year, providing vast resources to rebuild our public services, boost people’s incomes and invest in a higher-wage economy.
The petitioners therefore request that the House of Commons urges the Government to take into account the requests of the petitions and consider the resource benefits of Wealth Taxes when allocating funds in the budget.
And the petitioners remain, etc.
[P003016]
The petition states:
The petition of residents of the United Kingdom.
Declares that a 2% Wealth Tax on assets over £10 million, a measure to equalise Capital Gains Tax with Income Tax rates, and measures to end state subsidies to fossil fuel giants and to close loopholes in the oil and gas windfall tax should be brought; and further notes that these measures would generate an additional £45 billion per year, providing vast resources to rebuild our public services, boost people’s incomes and invest in a higher-wage economy.
The petitioners therefore request that the House of Commons urges the Government to take into account the requests of the petitions and consider the resource benefits of Wealth Taxes when allocating funds in the budget.
And the petitioners remain, etc.
[P003016]
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