More than 40 MPs back wealth tax early day motion

The EDM calls for an annual wealth tax of 2% on individual assets over £10m. It sets out that this "could raise" an estimated £24bn each year. Such a measure would "represent a fairer alternative to cuts and could provide urgently needed resources to tackle the poverty and inequality that blights our society; and calls on the government to bring forward proposals for such a tax on extreme wealth ahead of the next budget," it is stated in the motion text. Supporters of the EDM, led by Labour MP for Leeds East Richard Burgon, include representatives from Labour, the Green Party, the Sco...