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Faith leaders say taxing rich will bring down energy bills, help environment.

Staff writer

1 Jul, 2025 06:49 BST

 

 (Photo: Getty/iStock)

More than 20 faith leaders have written an open letter to the government, urging an increase in taxation for the wealthy in order to deal with climate change.

The letter calls for a direct tax on assets over £10 million, claiming this would raise £24 billion every year for the government.

A 'Climate Damages Tax' on companies that cause pollution would, it is claimed, raise £20 billion over 10 years, while removing subsidies for North Sea oil and gas companies would save the government £2.2 billion per year. CT.