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Temporary tax on the super-rich could raise £130bn for green schemes, Greenpeace says
Funds could insulate all draughty homes, fund free bus travel, and retrain millions of workers for a green future
A general view of chimneys on a row of terraced residential houses in south east London
By Berny Torre in Harrogate
By Berny Torre in Harrogate
A TEMPORARY tax on the super-rich could generate enough money to fix every poorly insulated home, fund free bus travel and retrain three million workers in green industries, Greenpeace revealed today.
A new report commissioned by the climate group proposes introducing an annual 2.5 per cent tax on all individual wealth above £10 million over the next five years.
This “national renewal tax” would impact less than 75,000 people — 0.1 per cent of the population — and raise up to £183 billion for the Treasury.
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