{"id":2071,"date":"2024-06-12T03:00:44","date_gmt":"2024-06-12T03:00:44","guid":{"rendered":"https:\/\/260web.com\/news\/greens-vow-70bn-tax-hike-on-wealthy-to-drive-change\/"},"modified":"2024-06-12T03:00:44","modified_gmt":"2024-06-12T03:00:44","slug":"greens-vow-70bn-tax-hike-on-wealthy-to-drive-change","status":"publish","type":"post","link":"https:\/\/260web.com\/news\/greens-vow-70bn-tax-hike-on-wealthy-to-drive-change\/","title":{"rendered":"Greens vow \u00a370bn tax hike on wealthy to drive change"},"content":{"rendered":"<p>Greens vow \u00a370bn tax hike on wealthy to drive change<\/p>\n<div data-component=\"image-block\" class=\"ssrcss-xza2yt-ComponentWrapper ep2nwvo1\">\n<figure class=\"ssrcss-8589xk-StyledFigure e34k3c23\">\n<div class=\"ssrcss-ab5fd8-StyledFigureContainer e34k3c21\"><span class=\"ssrcss-fmt1c3-Placeholder etlorgc0\"><picture><source srcset=\"https:\/\/ichef.bbci.co.uk\/news\/240\/cpsprodpb\/2bcd\/live\/58f1e330-2865-11ef-baa7-25d483663b8e.jpg.webp 240w, https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/2bcd\/live\/58f1e330-2865-11ef-baa7-25d483663b8e.jpg.webp 320w, https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/2bcd\/live\/58f1e330-2865-11ef-baa7-25d483663b8e.jpg.webp 480w, https:\/\/ichef.bbci.co.uk\/news\/624\/cpsprodpb\/2bcd\/live\/58f1e330-2865-11ef-baa7-25d483663b8e.jpg.webp 624w, https:\/\/ichef.bbci.co.uk\/news\/800\/cpsprodpb\/2bcd\/live\/58f1e330-2865-11ef-baa7-25d483663b8e.jpg.webp 800w, https:\/\/260web.com\/news\/wp-content\/uploads\/2024\/06\/qn0w56.jpg.webp 976w\" type=\"image\/webp\"><img fetchpriority=\"high\" decoding=\"async\" alt=\"Green Party co-leaders Carla Denyer and Adrian Ramsay during the Green Party General Election campaign launch\" loading=\"eager\" src=\"https:\/\/260web.com\/news\/wp-content\/uploads\/2024\/06\/qn0w56.jpg\" srcset=\"https:\/\/ichef.bbci.co.uk\/news\/240\/cpsprodpb\/2bcd\/live\/58f1e330-2865-11ef-baa7-25d483663b8e.jpg 240w, https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/2bcd\/live\/58f1e330-2865-11ef-baa7-25d483663b8e.jpg 320w, https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/2bcd\/live\/58f1e330-2865-11ef-baa7-25d483663b8e.jpg 480w, https:\/\/ichef.bbci.co.uk\/news\/624\/cpsprodpb\/2bcd\/live\/58f1e330-2865-11ef-baa7-25d483663b8e.jpg 624w, https:\/\/ichef.bbci.co.uk\/news\/800\/cpsprodpb\/2bcd\/live\/58f1e330-2865-11ef-baa7-25d483663b8e.jpg 800w, https:\/\/260web.com\/news\/wp-content\/uploads\/2024\/06\/qn0w56.jpg 976w\" width=\"976\" height=\"549\" class=\"ssrcss-11yxrdo-Image edrdn950\"><\/picture><\/span><span role=\"text\" class=\"ssrcss-tvuve5-StyledFigureCopyright e34k3c20\">PA Media<\/span><\/div>\n<\/figure>\n<\/div>\n<div data-component=\"byline-block\" class=\"ssrcss-1hbb5i-BylineComponentWrapper e8mq1e90\">\n<div class=\"ssrcss-qt5zqv-BylineWrapper e8mq1e917\">\n<div class=\"ssrcss-h3c0s8-ContributorContainer e8mq1e916\">\n<div class=\"ssrcss-1u2in0b-Container-ContributorDetails e8mq1e913\">\n<div class=\"ssrcss-68pt20-Text-TextContributorName e8mq1e96\">Sam Francis<\/div>\n<div class=\"ssrcss-84ltp5-Text e8mq1e910\">Political Reporter <\/div>\n<div class=\"ssrcss-84ltp5-Text e8mq1e910\">\n<div class=\"ssrcss-1q14p6q-LinkWithChevronContainer e8mq1e91\">@DavidSamFrancis<span class=\"ssrcss-86zs3k-IconContainer-IconContainerChevron e8mq1e93\"><svg viewBox=\"0 0 32 32\" width=\"1em\" height=\"1em\" class=\"ssrcss-xi5oyi-StyledIcon e161cein1\" focusable=\"false\" aria-hidden=\"true\"><path d=\"M21.6 14.3 5.5 31h6.4l14.6-15L11.9 1H5.5l16.1 16.7z\" \/><\/svg><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"ssrcss-jlwt2c-Divider e8mq1e915\"><\/div>\n<\/div>\n<div data-component=\"metadata-block\" class=\"ssrcss-xza2yt-ComponentWrapper ep2nwvo1\">\n<div>\n<ul role=\"list\" class=\"ssrcss-j4gvkq-MetadataStripContainer eh44mf03\">\n<div class=\"ssrcss-13nu8ri-GroupChildrenForWrapping eh44mf02\">\n<li role=\"listitem\" class=\"ssrcss-30fcoe-MetadataStripItem eh44mf01\">\n<div class=\"ssrcss-m5j4pi-MetadataContent eh44mf00\"><span class=\"ssrcss-1pvwv4b-MetadataSnippet e4wm5bw3\"><span class=\"ssrcss-1if1g9v-MetadataText e4wm5bw1\"><time data-testid=\"timestamp\" datetime=\"2024-06-12T02:44:51.909Z\">12 minutes ago<\/time><\/span><\/span><\/div>\n<\/li>\n<\/div>\n<\/ul>\n<\/div>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\"><b class=\"ssrcss-1xjjfut-BoldText e5tfeyi3\">The Green Party has pledged to raise taxes on UK&#8217;s top earners in its manifesto, claiming the plans will generate \u00a370bn a year to mend &#8220;broken Britain&#8221;.<\/b><\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">On Wednesday, the party will set out what it calls a \u201cgame-changing\u201d transformation in housing, transport and the green economy.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The plans include raising the National Insurance (NI) rate to 8% on annual wages above \u00a350,270 &#8211; equivalent to an extra \u00a3283.74 per year in tax for someone earning \u00a355,000.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Party co-leader Andrian Ramsay said the Greens were the &#8220;only party being honest&#8221; about the scale of changes needed to fix the climate crisis, housing and the NHS\u200b.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">In the lead-up to the manifesto launch, the party committed to spending \u00a350bn per year on health and social care by 2030.<\/p>\n<\/div>\n<\/div>\n<div data-component=\"image-block\" class=\"ssrcss-xza2yt-ComponentWrapper ep2nwvo1\">\n<figure class=\"ssrcss-8589xk-StyledFigure e34k3c23\">\n<div class=\"ssrcss-ab5fd8-StyledFigureContainer e34k3c21\"><span class=\"ssrcss-vcsx3p-Placeholder etlorgc0\"><span><\/p>\n<div><picture><source srcset=\"https:\/\/ichef.bbci.co.uk\/news\/240\/cpsprodpb\/0334\/live\/71246800-282f-11ef-80aa-699d54c46324.png.webp 240w, https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/0334\/live\/71246800-282f-11ef-80aa-699d54c46324.png.webp 320w, https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/0334\/live\/71246800-282f-11ef-80aa-699d54c46324.png.webp 480w, https:\/\/ichef.bbci.co.uk\/news\/624\/cpsprodpb\/0334\/live\/71246800-282f-11ef-80aa-699d54c46324.png.webp 624w, https:\/\/ichef.bbci.co.uk\/news\/800\/cpsprodpb\/0334\/live\/71246800-282f-11ef-80aa-699d54c46324.png.webp 800w, https:\/\/ichef.bbci.co.uk\/news\/976\/cpsprodpb\/0334\/live\/71246800-282f-11ef-80aa-699d54c46324.png.webp 976w\" type=\"image\/webp\"><img decoding=\"async\" alt=\"A graphic which reads 'more on general election 2024'\" loading=\"lazy\" src=\"https:\/\/260web.com\/news\/wp-content\/uploads\/2024\/06\/Twhf8t.png\" srcset=\"https:\/\/ichef.bbci.co.uk\/news\/240\/cpsprodpb\/0334\/live\/71246800-282f-11ef-80aa-699d54c46324.png 240w, https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/0334\/live\/71246800-282f-11ef-80aa-699d54c46324.png 320w, https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/0334\/live\/71246800-282f-11ef-80aa-699d54c46324.png 480w, https:\/\/ichef.bbci.co.uk\/news\/624\/cpsprodpb\/0334\/live\/71246800-282f-11ef-80aa-699d54c46324.png 624w, https:\/\/ichef.bbci.co.uk\/news\/800\/cpsprodpb\/0334\/live\/71246800-282f-11ef-80aa-699d54c46324.png 800w, https:\/\/ichef.bbci.co.uk\/news\/976\/cpsprodpb\/0334\/live\/71246800-282f-11ef-80aa-699d54c46324.png 976w\" width=\"2048\" height=\"337.06666666666666\" class=\"ssrcss-11yxrdo-Image edrdn950\"><\/picture><\/div>\n<p><\/span><\/span><\/div>\n<\/figure>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<div class=\"ssrcss-1o5f7ft-BulletListContainer e5tfeyi0\">\n<ul role=\"list\">\n<li>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Poll tracker: How do parties compare?<\/p>\n<\/li>\n<li>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Voting: Who can I vote for in the general election?<\/p>\n<\/li>\n<li>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\"><b class=\"ssrcss-1xjjfut-BoldText e5tfeyi3\">What&#8217;s the real distance between Sunak and Starmer on climate?<\/b><\/p>\n<\/li>\n<li>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">General election 2024: All BBC stories and analysis<\/p>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Ahead of the manifesto launch, Mr Ramsay said the party intended changing the &#8220;conspiracy of silence&#8221; on taxes by creating a fairer system and asking those &#8220;with the broadest shoulders to pay more&#8221;.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The party will also set out details of a Green Economic Transition programme aiming to upgrade homes across the UK, making them warmer and cheaper to run by increasing energy efficiency.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">To pay for their plans the party has proposed a new wealth tax charged at 1% on all assets worth more than \u00a310m declared in a self-assessment tax return, increasing to 2% on all assets above \u00a31bn.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">They would also reform the NI system.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Currently Employees pay no NI on earnings of up to \u00a312,570, 8% on earnings of between \u00a312,570 and \u00a350,270, and 2% on earnings of above \u00a350,270 for the 2023\/24 tax year.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Under the Greens&#8217; plans, the 8% rate would be paid on all wages above the upper earnings threshold. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The Greens said they would also:<\/p>\n<div class=\"ssrcss-1o5f7ft-BulletListContainer e5tfeyi0\">\n<ul role=\"list\">\n<li>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Introduce a carbon tax on businesses starting at \u00a3120 per tonne emitted, rising to \u00a3500 per tonne over ten years, to push businesses to decarbonise<\/p>\n<\/li>\n<li>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Expand the 75% windfall tax on fossil fuel profits to banks, aiming to raise an extra \u00a39bn a year<\/p>\n<\/li>\n<li>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Bring Capital Gains Tax in line with income tax bands.<\/p>\n<\/li>\n<\/ul>\n<\/div>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Aside from this the party promises not to impose further increases on the main rates of corporation tax.<\/p>\n<\/div>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The Green Party\u2019s clear tactic since the start of this campaign has been to paint Labour as being too similar to the Conservatives.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Ahead of the election launch, Mr Ramsay said: &#8220;Labour and the Conservatives would rather hide their plans for cuts to public services than confront the need for a fairer tax system that asks those with the broadest shoulders to pay more \u2013 including the very wealthiest in society who have grown even wealthier over the last 14 years\u200b\u200b.&#8221;<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;With more Green MPs in Parliament we will stop Labour backtracking on any more of their promises. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;We will push them to be braver, to be more ambitious, and to actually do what\u2019s necessary to fix our broken country and get us back on track.&#8221;<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The Greens plan to field candidates in every constituency in England and Wales for the 4 July election, but the party will focus their efforts on four seats they see as winnable.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Separately the Green Party has confirmed four candidates stood down after it launched an investigation into reports of antisemitic or extreme comments.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The Scottish Greens are a separate party.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The manifesto launch will take place in Brighton and Hove, the constituency that returned the only Green MP, Caroline Lucas, and a key target for the party.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Sian Berry, the party&#8217;s candidate for the constituency, said: \u201cThe time for half-measures and empty promises is over. Only the Green Party is offering real hope and real change at this election.\u201d<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">BBC News will be covering the manifesto launch live, including questions to the party at a press conference and analysis of the details of their plans. <\/p>\n<\/div>\n<\/div>\n<div data-component=\"topic-list\" class=\"ssrcss-1qmkvfu-TopicListWrapper etw6iwl1\">\n<div class=\"ssrcss-smoc0a-StyledTagContainer ed0g1kj1\">\n<div class=\"ssrcss-50vlbt-TopicListHeaderWrapper etw6iwl0\">\n<h2 type=\"normal\" class=\"ssrcss-1hh51ad-Heading e10rt3ze0\">Related Topics<\/h2>\n<\/div>\n<div class=\"ssrcss-17ehax8-Cluster e1ihwmse1\">\n<ul role=\"list\" spacing=\"2\" class=\"ssrcss-1ujonwb-ClusterItems e1ihwmse0\">\n<li>Adrian Ramsay<\/li>\n<li>Carla Denyer<\/li>\n<li>Green Party (England and Wales)<\/li>\n<li>General election 2024 <\/li>\n<li>Sian Berry<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<p>Published at Wed, 12 Jun 2024 02:44:51 +0000<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Greens vow \u00a370bn tax hike on wealthy to drive change PA Media Sam Francis Political Reporter @DavidSamFrancis 12 minutes ago The Green Party has pledged to raise taxes on UK&#8217;s top earners in its manifesto, claiming the plans will generate \u00a370bn a year to mend &#8220;broken Britain&#8221;. On Wednesday, the party will set out what&hellip; <a class=\"more-link\" href=\"https:\/\/260web.com\/news\/greens-vow-70bn-tax-hike-on-wealthy-to-drive-change\/\">Continue reading <span class=\"screen-reader-text\">Greens vow \u00a370bn tax hike on wealthy to drive change<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":2070,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2071","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uk-politics","entry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/posts\/2071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/comments?post=2071"}],"version-history":[{"count":0,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/posts\/2071\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/media\/2070"}],"wp:attachment":[{"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/media?parent=2071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/categories?post=2071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/tags?post=2071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}