PARLIAMENTARY EARLY DAY MOTION
2% wealth tax (30 October 2024)

That this House notes the growing disparity in wealth distribution within the UK; recognises the need for a fairer tax system that ensures the wealthiest individuals contribute their fair share to society; calls on the Government to introduce a 2% annual wealth tax on individuals with assets exceeding £10 million; believes that such a tax would generate significant revenue that could be used to fund essential public services, reduce inequality, and support economic recovery; and urges the Government to consider the implementation of this policy as a step towards a more equitable and just society.

Sponsored by:
Iqbal Mohamed (Independent)