Is it time for a wealth tax on the super-rich?

Today in Focus

The Guardian

Daily News, News

4.6 • 5.7K Ratings

🗓️ 10 July 2025

⏱️ 29 minutes

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Summary

After changes to the welfare reform bill failed to save money, the millionaire Dale Vince thinks it’s time for people like him to contribute more to the public finances. Arun Advani explains how a wealth tax could work and if it’s time for Labour to introduce one. Help support our independent journalism at theguardian.com/infocus

Transcript

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0:00.0	This is The Guardian.
0:07.4	Today, a wealth tax.
0:10.6	What is it and should Labour introduce one?
0:17.8	Today in focus is supported by London Business School. London Business School believes that
0:24.7	difference drives progress. That's why the school is committed to bringing together people
0:30.1	who see the world in radically unique ways. By sharing and learning from one another, we can
0:36.4	tackle problems with fresh eyes.
0:39.3	Embracing difference can empower us all to thrive and succeed no matter what challenges we face in the world of business.
0:47.3	London Business School is one of the most global business schools in the world,
0:52.3	with alumni based in over 160 countries.
0:56.5	Their growing scholarship portfolio is key in helping to reduce barriers to entry and ensuring
1:03.6	LBS attracts and welcomes the best and brightest of candidates, regardless of background or
1:10.2	circumstances.
1:11.9	Find out how difference drives progress.
1:15.5	Search London Business School or London.edu.
1:25.5	My name is Dale Vince, and I'm an ex-traveller turned green energy magnet.
1:30.7	I run a football club.
1:31.9	I do a whole bunch of different things, and I campaign for a wealth tax.
1:36.6	Dale, can I ask, how much you actually worth?
1:39.2	Well, I don't know, but if you believe the Sunday Times, they say 100 million or so. They base that on
1:47.0	the value of ecotricity, my main company. How does it feel to be that rich? I mean, how does it
1:53.2	actually translate to your life? That's a good question. I mean, it's all relative, right? I own
	...

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