Gary Lineker leads British millionaires telling Burnham: ‘We want to pay more tax’

Gary Lineker leads British millionaires telling Burnham: ‘We want to pay more tax’ Intervention comes as new prime minister announces series of policies to help ease cost of living - Bookmark - CommentsGo to comments Gary Lineker has joined more than 100 British-based millionaires in calling on Andy Burnham to tax their wealth more, telling the new prime minister: “We can afford it”. Mr Burnham has previously signalled his intention to overhaul the tax system in order to fund his policy ambitions as prime minister. On Thursday, a group of over 100 UK-based millionaires, including Lineker, screenwriter Richard Curtis, novelist Val McDermid, and ex-City trader Gary Stevenson signed a letter urging Mr Burnham to tax their wealth. The letter, organised by Patriotic Millionaires UK, says: “We want you to tax us. We can afford it. We’re not talking about higher taxes on those who get up and go to work for their income every day, but on the very richest whose income is derived from the wealth they hold.” It tells the prime minister that millionaires are a “patriotic bunch” who “love this country and we want it to succeed”. “As we embrace this new road – please consider taxing us properly as our contribution to it. We love this country. It’s time for a better Britain; it’s time for everyone here to feel Great Britain. It’s time to tax us, the super rich,” the letter says. Mr Burnham has previously declined to rule out a wealth tax, telling ex-footballer Lineker earlier this month that his government may “ask for a little more”. There are several ways the government could introduce a wealth tax. The most commonly proposed scheme is a 2 per cent levy on the assets of the richest people in the country, which experts say could raise billions every year. Lineker said: “Paying your fair share is a basic British value, but so many ordinary people are already paying more than they can afford. Our richest people can do more and most want to. To live up to our national values our new government must raise taxes on extreme levels of wealth for a fairer, better, more hopeful Britain.” In an interview earlier this month, Mr Burnham also suggested there is “some room” in the Labour manifesto for “movement on tax”. It comes days after a row broke out within the Labour Party about how Mr Burnham would fund his policy blitz aimed at tackling the cost of living. Since taking office on Monday, the new prime minister has announced that most bus fares in England will be capped at £2, and also promised an £850m tax cut on electricity bills. Darren Jones, a key ally of former prime minister Sir Keir Starmer who lost his cabinet post on Monday when Mr Burnham took office, claimed the VAT cut was unfunded. The government said the move will be funded in part by scrapping Sir Keir’s national digital ID scheme. However, the estimated savings of £600m a year over three years fall short of the annual cost to the Exchequer from the energy bills tax cut. Conservative shadow chancellor Sir Mel Stride accused the government of being unable to answer basic questions on the funding of their policy commitments. He told BBC Breakfast: “And in the context of a very constrained economy at the moment, in terms of debt, debt servicing costs, and so on, and a very fragile fiscal situation, you cannot be a government that goes out there and makes lots of spending commitments without being able to explain exactly how those commitments are going to be funded.” Patriotic Millionaires UK has called on the government to place a 2 per cent tax on wealth over £10m, which they say could raise £24bn a year for the country. They also say reforms to capital gains tax, including equalising it with income tax, could raise a further £12bn. Julia Davies, member of Patriotic Millionaires UK, added: “This is a fresh opportunity for our country. A chance for the prime minister to help rebalance power, reduce the shocking levels of wealth inequality which intensifies the cost of living crisis, and raise much-needed revenue for our public services, improving life for everyone. “We millionaires are here to be taxed more and we urge our new PM to grab this opportunity with both hands and tax our wealth.” Earlier this week, academics claimed a 2 per cent charge on households with more than £100m in assets would raise £10bn a year and affect less than 1,000 of the wealthiest households in the UK. Economists Gabriel Zucman and Ben Tippet said the tax would “raise meaningful revenues and dampen runaway inequality”. Signatories in full: Alexander Alanine Antonio Amaral Susan Angoy Cal Bailey David Barker Mike Barnes Brian Basham Sasha Bates Gareth Bayliss Robin Beal Derek Bennett Michael Berners-Lee Andy Bilson Jonathan Bloch Nacim Bougheda Andrew Bowles Chris Brown David Burall Fiona Campbell Mark Campbell Tim Carey William Carman John Cossins Richard Curtis Julia Davies Juan Jose del Rio Nicholas Easter Stephen Einhorn Nicola Elliott Brian Eno David Farrell Chris Frith Dawn Gerhold Edward Gildea James Golding Stephen Gosling CBE Ian Gregg Lauren Gupta Richard Hagan Vivien Hallebard Dominic Hamon David Hands William Hartree Carolyn Hayman Tom Hearn David Heffernan Peter Hill Graham Hobson Becky Holmes Patrick Hort Diane Isenberg Kristina Johansson Patricia Johnstone Susie Jolly Jenny Kagan Sunil Kapur Hussayn Kassai Colleen Keck Stephen Kinsella Ramana Kumar Jean Latenser Barry Lea Nick Levey Gary Lineker Bruce Lloyd Harry Longman Sam Lupton Fred Macmillan Louisa Mann Doro Marden Nick Marple Sophie Marple Madelyn Martinez Samantha Mayaveram Val McDermid Gemma McGough-Colin Ben Medlock Tim Nottidge Lesley Omara Charlie Orton Roy Phillips Nick Powell David Pugh Nick Razey David Richards Andrew Richards Mark Robinson Sarah Rossi Georgios Samaras David Seaward Mark Seow Susan Seymour Anika Sharma Lawrence Shaw Alan Sherwell Paul Sherwood Akshay Singal Adam Singer Geetie Singh-Watson Guy Singh-Watson Alastair Singleton Alan Smith Nathan Spencer Heather Stevens Gary Stevenson John Stickley Tim Stumpff Peter Sundgren Ben Tibbits Rebecca Tinsley Jennifer Tomkins Willem van Hoorn Matthew Varnham Edward Vickery Suzanne Wise Phil White Leticia White Vicki Wilkinson Rodney Wright Barnaby Wynter Join our commenting forum Join thought-provoking conversations, follow other Independent readers and see their replies Comments