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2% Wealth Tax on £100m+ UK Households Could Yield £10bn

7/21/2026

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Summary

Story summary

Gabriel Zucman and Ben Tippet estimate a 2% wealth tax on UK households over £100 million could raise £10 billion a year.
They urge Mayor Andy Burnham to include the tax in his upcoming UK tax plan.
HM Revenue & Customs would need to calculate total assets, which would affect fewer than 1,000 households and thus reduce complexity.
They note Germany, Brazil and G20 also support a 2% levy on the richest.

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Story summary

Gabriel Zucman and Ben Tippet estimate a 2% wealth tax on UK households over £100 million could raise £10 billion a year.
They urge Mayor Andy Burnham to include the tax in his upcoming UK tax plan.
HM Revenue & Customs would need to calculate total assets, which would affect fewer than 1,000 households and thus reduce complexity.
They note Germany, Brazil and G20 also support a 2% levy on the richest.