Urgent Memo from the Patriotic Millionaires

As UK Parliament breaks for the annual party conference recess, we’re circulating an Urgent Memo to politicians.

Patriotic Millionaires are asking politicians of all parties to back our calls on the government to;

  • Raise much-needed revenue now by reforming Capital Gains Tax, so that high returns to capital are taxed on the same basis as income from work.

  • Tackle wealth inequality in the long term by committing to a 2% wealth tax on assets over £10m during this Parliament - creating space, over time, to reduce reliance on taxing ordinary people.

Working people have been struggling for years and public services are crumbling, while the richest get richer. It’s time to draw the line on extreme wealth and look to those with the most to start paying their fair share. I would be proud to pay a wealth tax and higher taxes on the income from my investments, to help build a better country for everyone - this is the patriotism our country so badly needs right now.
— Julia Davies, founding member of Patriotic Millionaires UK

Going to party conference? We are holding two fringe events in partnership with Tax Justice UK.

Monday 22nd September 2025
📒 Liberal Democrats fringe - for conference pass-holders only
18:15-19:15, Bournemouth International Centre, Meyrick Suite

Sunday 28th September 2025
📕
Labour Party fringe - open to the public, please register on Eventbrite
16:30-18:00, Novotel Liverpool City Centre, Albert Johnstone Suite


Next
Next

Leading economists call for a wealth tax in the UK