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  1. Politics
29 January 2015

Why the Green party’s wealth tax policy won’t work

The Greens' wealth tax numbers just don’t add up.

By Tom Papworth

The Green party has come under the spotlight as the general election looms and they look in with a chance of winning 1m votes. This is a good thing; as parties grow in significance it is right that their policies be scrutinised. Among their headline-grabbing promises is the introduction of a wealth tax on the wealthiest 1 per cent, which they claim will raise £21bn to £43bn a year.

Does this claim bear up? Can the Greens really hope to raise that much?

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