Millionaires say 'we want to pay more tax'

Millionaires, including Dale Vince and Stephen Kinsella, are advocating for higher taxes on the wealthy, with a call for a one-off tax on wealth exceeding £10m. They argue for a fairer society and acknowledge the need for increased tax revenue to address disparities. However, Chancellor Rachel Reeves has indicated that the UK does not currently require a standalone wealth tax. The debate over tax policies in Budget 2025 has led to uncertainty in various sectors, with businesses and individuals awaiting clarity before making decisions like hiring, investment, and expansion.