New Wealth Taxes — [Sir Edward Leigh in the Chair]

Part of the debate – in Westminster Hall at 2:30 pm on 14 June 2022.

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Photo of Nadia Whittome Nadia Whittome Labour, Nottingham East 2:30, 14 June 2022

I thank my hon. Friend for securing this extremely importantly debate. As always, he is making a powerful speech. Britain has in recent years gained a record number of billionaires. Between them, they own £653 billion, which is about triple the annual operating budget of the NHS. During the pandemic, their wealth increased by more than a fifth. Does he agree that such wealth is obscene—especially in the midst of a cost of living crisis—and that we should do everything we can to redistribute it away from the super-rich, who have profited from the pandemic and rocketing prices, towards the workers who kept society running throughout and now face poverty and destitution?