Wealth Tax Proposal Targets UK's Ultra-Rich to Raise £10B a Year

Economists Zucman and Tippet propose a 2% tax on UK households worth over £100 million, affecting under 1,000 families to raise roughly £10 billion yearly. HMRC would calculate wealth directly rather than relying on self-assessment, while a 10-year exit tax would discourage relocation to avoid payment. Zucman says the narrow scope means government "could implement this quickly."