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UK Climate Groups Demand 2% Wealth Tax on Billionaires

7/16/2025

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Summary

Story summary

Climate groups in the UK are rallying for a wealth tax aimed at funding sustainable initiatives and public services. They propose a 2% tax on assets exceeding £10 million, potentially raising £22 billion each year. Advocates stress that tackling climate change and economic inequality hinges on ensuring the ultra-rich pay their fair share.

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Story summary

Climate groups in the UK are rallying for a wealth tax aimed at funding sustainable initiatives and public services. They propose a 2% tax on assets exceeding £10 million, potentially raising £22 billion each year. Advocates stress that tackling climate change and economic inequality hinges on ensuring the ultra-rich pay their fair share.