On BBC Breakfast last week the Chancellor was asked live on air: “Why not a wealth tax?”
Rachel Reeves didn’t answer the question from the presenter directly, but it shows how far we’ve come.
A couple of years ago, the mainstream media wouldn’t even mention wealth taxes, let alone grill the Chancellor on them.
Watch the clip of Rachel Reeves on BBC Breakfast (27 March 2025) here:
All over the BBC
On Sunday the BBC mentioned a wealth tax again, sharing research that shows 78% of the public support one.
BBC Woman’s Hour discussed a wealth tax last Wednesday, as well.
Then our research was quoted on BBC Good Morning Scotland by the head of Tax Justice Network, Alex Cobham.
And on Thursday, economist Gary Stevenson made an excellent appearance on BBC Question Time, promoting wealth taxes again.
We also got mentioned in the Daily Mail and on This is Money. It was a busy week.
Why a wealth tax matters
It’s truly incredible how far we’ve come. We’ve been campaigning for a wealth tax for several years – and it’s really getting to the point now where it’s being discussed all over the media. The government really is being forced to consider one.
And it’s never been more important. A wealth tax of 2% on people who own assets worth over £10m could raise up to £24 billion a year.
This is enough to stop cuts to welfare – with a lot left over to seriously invest in our ailing NHS and public services.
It would also help to reduce the surging wealth inequality. This inequality is damaging to our economy, society and our democracy. But it’s also solvable.
The Government has a range of measures available that would tax wealth more and lower inequality, while at the same time making cuts unnecessary.