Burnham signals wealth tax as 120 millionaires back the idea

Prime Minister Andy Burnham told a podcast on 22 July 2026 his government may consider a wealth tax — a levy on assets, not just income — citing "fairness." The next day, 120 UK millionaires, including Gary Lineker, signed a letter urging exactly that. The Treasury welcomed the push but said any change would come only at a formal budget.