Business

Rich list Rishi Sunak is under pressure to tax Britain’s 177 billionaires as the super-rich soar

Rishi Sunak has been blasted for failing to help those hardest hit by the cost of living crisis, defying calls for an emergency budget and refusing to impose a windfall tax on energy companies

Rishi Sunak
Rishi Sunak was called upon to get the super-rich to pay their share of taxes

Chancellor Rishi Sunak is under mounting pressure to get the super-rich to pay their share of taxes after the rich list revealed Britain now has 177 billionaires.

It also showed that while millions were plunged into poverty amid the cost of living crisis, the wealth of the richest 250 people rose by more than £50 billion to £710.7 billion.

The Chancellor and his wife Akshata Murthy were 222nd on the rich list, largely due to their £690million stake in Infosys.

It was revealed last month that Ms Murthy was using her Non-Dom status to save an estimated £20million in taxes.

Mr Sunak has been blasted for failing to help those hardest hit by the cost of living crisis, defying calls for an emergency budget and refusing to impose a windfall tax on energy companies.







Rishi Sunak and his wife Akshata Murty
(

Picture:

REUTERS)

Tax Justice UK’s Robert Palmer said: “The Sunday Times’ latest rich list will be eye candy for people struggling with rising bills.

“It is high time that the Chancellor acted. We need to close the tax loopholes, end non-dom status and reform the way we tax wealth.

“We also need a windfall tax on energy companies’ runaway profits.”







Rishi Sunak and Boris Johnson visit the Fourpure Brewery in London
(

Picture:

(Getty Images)

The Chancellor, who warned this week that the next few months “will be tough” for many families, is only the second MP to ever appear on the Sunday Times rich list. The first was Tory landowner Richard Benyon, who is worth more than £100m.

Julia Davies of Patriotic Millionaires UK said: “The fact that our Chancellor is now joining the ranks of the richest people in the UK – while he and the Government refuse to consider taxing wealth over work – is a shocking one Insight into our political system. ”

Luke Hildyard of the High Pay Center said: “It is not efficient, sensible or necessary to run the economy in such a way that people who are already incredibly wealthy can accumulate more money while much of the population is being crushed by a cost of living crisis .

Our team of cost of living experts are here to help YOU through a very difficult year.

They bring you the latest money news and also offer expert advice.

Whether it’s skyrocketing utility bills, the cost of weekly groceries, or increased taxes, our team is always by your side.

Every Thursday at 13:00 they participate in a Facebook Live event to answer your questions and offer their advice. Visit facebook.com/dailymirror/live to watch. You can read more about our team of experts here.

If you have a question – or want to share your story – please email webnews@mirror.co.uk.

“With stagnant wages and miserable economic growth, the more equitable distribution of existing wealth is the most important political challenge of our time.”

Sri and Gopi Hinduja, who run Mumbai-based conglomerate Hinduja Group, jumped to the top of the wealthy list after their wealth grew by more than £11 billion to £28.47 billion last year.

Chelsea owner Roman Abramovich’s fortune has been halved to £6 billion.

Continue reading

Continue reading

https://www.mirror.co.uk/news/politics/rich-list-rishi-sunak-under-27024571 Rich list Rishi Sunak is under pressure to tax Britain's 177 billionaires as the super-rich soar

Fry Electronics Team

Fry Electronics.com is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@fry-electronics.com. The content will be deleted within 24 hours.

Related Articles

Back to top button