Drooid Logo
Back to today’s briefing

Story perspectives

PM Burnham Faces Push for 2% Wealth Tax

8/10/2026

32 2 Full Breakdown

1 of 1

Story summary
  • Prime Minister Andy Burnham faces pressure from allies to adopt a 2% wealth tax on assets above £10 million.
  • Compass says the levy would raise £24 billion annually and, with equalised gains tax, add £11 billion, while MPs Neil Duncan-Jordan, Jon Trickett and Andy McDonald support it.
  • A BMG Research poll shows 66% of UK adults favour a wealth tax over £10 million, with Burnham saying he will not rule it out.