Wednesday 05 August 2026 5:20 am  |  Updated:  Tuesday 04 August 2026 12:44 pm

Gary Stevenson is right the rich people want to help Britain – here’s how to let them do it

By: Nick Finegold

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Gary Stevenson and the ‘Patriotic Millionaires’ plan for a wealth tax is the wrong way to get wealth working for Britain. Here’s three much better ideas, says Nick Finegold

A fortnight ago, 120 millionaires, including Gary Stevenson and Gary Lineker, wrote to Andy Burnham asking to be taxed more. I do not doubt their sincerity. But as someone who has spent a career deploying capital rather than signing letters about it, I think they have reached for the wrong tool.

If wealthy people genuinely want to help Britain – and most of us do – the answer is not a wealth tax that speeds their exit. It is to keep them living, spending and investing here. That is a duller proposition than a grand moral gesture, but it is the one that actually pays for schools and hospitals.

Start with the........

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