92
UK millionaires group projects ‘tax our wealth’ on to Treasury and Bank of England
(www.theguardian.com)
this post was submitted on 21 Nov 2023
92 points (100.0% liked)
UK Politics
3079 readers
170 users here now
General Discussion for politics in the UK.
Please don't post to both !uk_politics@feddit.uk and !unitedkingdom@feddit.uk .
Pick the most appropriate, and put it there.
Posts should be related to UK-centric politics, and should be either a link to a reputable news source for news, or a text post on this community.
Opinion pieces are also allowed, provided they are not misleading/misrepresented/drivel, and have proper sources.
If you think "reputable news source" needs some definition, by all means start a meta thread. (These things should be publicly discussed)
Posts should be manually submitted, not by bot. Link titles should not be editorialised.
Disappointing comments will generally be left to fester in ratio, outright horrible comments will be removed.
Message the mods if you feel something really should be removed, or if a user seems to have a pattern of awful comments.
!ukpolitics@lemm.ee appears to have vanished! We can still see cached content from this link, but goodbye I guess! :'(
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
This is the best summary I could come up with:
A group of British multimillionaires have projected a message on to the Treasury building and the Bank of England in advance of Jeremy Hunt’s autumn statement on Wednesday, saying: “Tax our wealth”.
Phil White, a former business consultant and member of Patriotic Millionaires UK, said: “The whole country knows that we need a serious injection of capital to get us back on track.
We have a potential £423m a week, which is currently absent from national investment revenue, because we don’t tax extreme wealth.
Instead we can increase investment in Britain and take the pressure off working people by taxing the super-rich.”
A YouGov survey found that three-quarters of Britons support a wealth tax.
Research by Patriotic Millionaires of those with investable assets of £1m found that 68% of the richest people in the country supported the introduction of wealth taxes.
The original article contains 330 words, the summary contains 141 words. Saved 57%. I'm a bot and I'm open source!