Setting a wealth tax at a high threshold of £10 million in assets ensures that a tiny proportion of the population are impacted – just 20,000 people, which is 0.04% of the population. This makes it far easier for HMRC to administer and ensures people have a diversity of assets.

It would ensure that those who have benefited enormously from structural economic changes over the last decade contribute fairly and create significant revenue to repair the country. Huge momentum is growing, with millionaires, unions and journalists joining calls for a wealth tax.

For information on what can be done visit: https://taxjustice.uk/campaign/taxing-wealth/