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https://www.theguardian.com/uk-news/2023/nov/21/uk-millionaires-tax-wealth-treasury-jeremy-hunt-patriotic-millionaires-uk
Submission: On November 23 via manual from US — Scanned from US
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Skip to main contentSkip to navigationSkip to navigation Print subscriptions Sign in Search jobs Search US edition * US edition * UK edition * Australia edition * International edition * Europe edition The Guardian - Back to homeThe Guardian SUPPORT THE GUARDIAN Help sustain independent journalism in 2024 Support us Support us * News * Opinion * Sport * Culture * Lifestyle ShowMoreShow More * News * View all News * US news * World news * Environment * US politics * Ukraine * Soccer * Business * Tech * Science * Newsletters * Wellness * Opinion * View all Opinion * The Guardian view * Columnists * Letters * Opinion videos * Cartoons * Sport * View all Sport * Soccer * NFL * Tennis * MLB * MLS * NBA * NHL * F1 * Golf * Culture * View all Culture * Film * Books * Music * Art & design * TV & radio * Stage * Classical * Games * Lifestyle * View all Lifestyle * Wellness * Fashion * Food * Recipes * Love & sex * Home & garden * Health & fitness * Family * Travel * Money * Search input google-search Search * Support us * Print subscriptions US edition * UK edition * Australia edition * International edition * Europe edition * * Search jobs * Digital Archive * Guardian Puzzles app * Guardian Licensing * The Guardian app * Video * Podcasts * Pictures * Inside the Guardian * Guardian Weekly * Crosswords * Wordiply * Corrections * Facebook * Twitter * * Search jobs * Digital Archive * Guardian Puzzles app * Guardian Licensing * UK * UK politics * Education * Media * Society * Law * Scotland * Wales * Northern Ireland Patriotic Millionaires UK project 'Tax our wealth' on to the Bank of England on Tuesday. Photograph: Patriotic Millionaires UK Patriotic Millionaires UK project 'Tax our wealth' on to the Bank of England on Tuesday. Photograph: Patriotic Millionaires UK Autumn statement 2023 UK MILLIONAIRES GROUP PROJECTS ‘TAX OUR WEALTH’ ON TO TREASURY AND BANK OF ENGLAND Jeremy Hunt should increase taxes on rich to help fund public services for all, says Patriotic Millionaires UK Rupert Neate @RupertNeate Tue 21 Nov 2023 05.30 ESTLast modified on Tue 21 Nov 2023 05.54 EST * * * 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”. Patriotic Millionaires UK, a collection of British-based members of the super-rich, said that instead of considering tax cuts the chancellor should increase taxes on the richest members of society to help fund public services for all. “We’re not about to give up on this country. We need a wealth tax now,” another message projected in 1.8-metre (6ft) high letters read. “We want it. For a better Britain.” The imposition of a 2% tax on those with more than £10m of assets could raise £22bn a year, or more than £420m a week, they claimed. “That could pay for the average salary cost of more than 600,000 nurses a year – more than three-quarters of the UK’s nursing workforce,” the group said. Pressure grows on Hunt to cut income tax as millions more face paying it Read more 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. Surely the people in the UK deserve more? For a better Britain our government should prioritise taxing those of us who can most afford it.” Asked about suggestions that the chancellor is considering cutting inheritance tax, which would mostly benefit those with more than £1m at their death, White said: “To prioritise cutting taxes, especially for the very richest, is dismal decision-making from this chancellor on tax reform. 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. Explore more on these topics * Autumn statement 2023 * Tax and spending * Tax * The super-rich * Jeremy Hunt * news * * * * * * Reuse this content MORE ON THIS STORY MORE ON THIS STORY * JEREMY HUNT CUTS NATIONAL INSURANCE BUT UK TAX BURDEN SET TO HIT HIGH AMID PLUMMETING LIVING STANDARDS – AS IT HAPPENED 5h ago … … * JEREMY HUNT’S AUTUMN STATEMENT TAX CUTS FUEL TALK OF SPRING ELECTION 6h ago * HUNT ‘WILL CREATE IMPLAUSIBLE AUSTERITY WITH POST-ELECTION PUBLIC SPENDING CUTS’ 8h ago * AUTUMN STATEMENT 2023: KEY POINTS AT A GLANCE 11h ago * ‘A VOTE OF CONFIDENCE’: UK BUSINESSES WELCOME JEREMY HUNT’S TAX BREAKS 7h ago * AUTUMN STATEMENT 2023: WHAT IT MEANS FOR PEOPLE ON A RANGE OF INCOMES 8h ago * CONSERVATIVE MPS URGE JEREMY HUNT TO GO FURTHER ON TAX CUTS 7h ago * AUTUMN STATEMENT: WHAT DO JEREMY HUNT’S CHANGES MEAN FOR YOUR MONEY? 6h ago * THOUSANDS ON DISABILITY BENEFITS TO LOSE EXTRA £5,000 A YEAR IN AUTUMN STATEMENT 7h ago MOST VIEWED MOST VIEWED * UK * UK politics * Education * Media * Society * Law * Scotland * Wales * Northern Ireland * News * Opinion * Sport * Culture * Lifestyle Original reporting and incisive analysis, direct from the Guardian every morning Sign up for our email * About us * Help * Complaints & corrections * SecureDrop * Work for us * * Privacy policy * Cookie policy * Terms & conditions * Contact us * All topics * All writers * Digital newspaper archive * Facebook * YouTube * Instagram * LinkedIn * Twitter * Newsletters * Advertise with us * Guardian Labs * Search jobs Back to top © 2023 Guardian News & Media Limited or its affiliated companies. 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