Overview

• Two-thirds of UK voters support a 2% annual levy on net assets above £10 million, according to recent YouGov polling.
• Experts say a 2% tax on wealth over £10 million could generate between £11 billion and £31 billion annually to fund the NHS, education and housing.
• Entrepreneur Daniel Priestley warns that taxing unrealised gains could saddle startups with tax bills up to £800,000 on paper valuations, risking capital flight.
• Analyses from Scandinavia and post-2017 UK reforms found ultra-rich relocations remained under 0.02% after similar levies.
• Policymakers will need to strengthen HM Revenue & Customs capacity to value diverse assets and contain the administrative costs of enforcement.