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Unite’s plan is for a tax of 1% to be applied on the assets of those worth more than £4m, which it says would raise £25bn a year to fund investment in public services and avoid a return to austerity. Under the plan, someone with assets worth £6m would face a 1% tax on the £2m above the £4m threshold. These assets would include property, shares and bank accounts but would not include mortgaged property.

Unite points to research showing that the richest 50 families in the UK now have assets worth nearly £500bn.

https://www.theguardian.com/uk-news/article/2024/aug/24/unite-calls-for-1-wealth-tax-on-super-rich-to-fund-uk-public-sector-pay-rises