wealthtax on Birmingham Dailyhttps://birminghamdaily.co.uk/tags/wealthtax/Recent content in wealthtax on Birmingham DailyHugo -- gohugo.ioen-usTue, 21 Jul 2026 05:54:41 +0000Andy Burnham’s Proposed 2% Wealth Tax Could Target UK’s Super-Rich and Raise £10bn Annuallyhttps://birminghamdaily.co.uk/andy-burnhams-proposed-2-wealth-tax-could-target-uks-super-rich-and-raise-10bn-annually/Tue, 21 Jul 2026 05:54:41 +0000https://birminghamdaily.co.uk/andy-burnhams-proposed-2-wealth-tax-could-target-uks-super-rich-and-raise-10bn-annually/Andy Burnham, the newly appointed Labour Party leader and UK Prime Minister, has received a compelling recommendation to introduce a minimum 2% charge on extreme household wealth. Leading economists suggest this targeted wealth tax could raise an estimated £10 billion a year by focusing on the country’s ultra-wealthy elite. A recent study conducted by Gabriel Zucman, a renowned economics professor at the Paris School of Economics and the University of California, Berkeley, alongside Ben Tippet, an expert in economics and wealth inequality at King’s College London, highlights the potential impact of such a tax.