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Nick Clegg proposes new wealth tax

Wed, 29 Aug 2012

In the Guardian today, Nick Clegg has said that Britain's wealthiest people should face an emergency tax to avoid a breakdown in social cohesion as the country fights an "economic war" caused by a longer than expected recession.

"If we want to remain cohesive and prosperous as a society, people of very considerable personal wealth have got to make a bit of an extra contribution,

“In addition to our standing policy on things like the mansion tax, is there a time-limited contribution you can ask in some way or another from people of considerable wealth so they feel they are making a contribution to the national effort? What we are embarked on is in some senses a longer economic war rather than a short economic battle.”
You can read the full article here.

Click here to read our Tax Policy Briefing.


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