Green Party calls for a wealth tax

The Green Party is calling for a Wealth Tax on the top 1%, those with assets of more than £3million.

The Green Party, which is already fighting for a Living Wage for all and fairer company-wide pay ratios, says a tax on wealth would help to ensure that the richest 1% (300,000 people) pay their fair share back to society.

The richest 1,000 people have doubled their wealth in the last five years. Meanwhile, the number in poverty has risen and the queues at food banks have lengthened.

Natalie Bennett, Leader of the Green Party of England and Wales, revealed the Party’s commitment to a Wealth Tax ahead of the General Election live on LBC’s Duncan Barkes Show.

Ms Bennett said: "Policies that tackle the disparities in income do not necessarily address the problem of excessive wealth. That is why an annual wealth tax which taxes the assets of the wealthiest at a rate of 1% and 2% - which would raise approximately £21billion to £43billion - is needed.

“A Wealth Tax is part of the Green Party’s policy programme that will deliver real change for the common good. It is this change that British politics and British society desperately needs.”