In the third episode of ‘Audience with’, I interviewed Neil Faulkner, who is an expert on the Russian Revolution.
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The UK state is not unitary from the point of taxation. There is significant fiscal devolution – council tax and its equivalent is devolved to all four polities, and property sales taxes devolved in Cymru and Scotland. Scotland has significant influence over income tax rates and bands, but the ability to create new taxes is largely controlled by Westminster though a Tourist tax has been approved. Interestingly, Corporation Tax was devolved to the Northern Ireland Assembly by the Tories (largely to encourage it to match the very low rates in the 26 county Republic of Ireland state). However VAT, National Insurance and many other taxes are UK-wide (not just “Britain”) and controlled by Westminster.
The STUC has identified measures https://www.stuc.org.uk/news/news/stuc-launch-tax-proposals-to-save-scotlands-public-services/ under current devolution arrangements that could be used to tax wealth more by the Scottish Parliament. The Scottish Greens have in the last few days introduced an exemplary measure into the housing bill at Holyrood to remove the exemption on the monarch’s properties being taxed in Scotland (he owns 80), a symbolic gesture but not politically insignificant, and have proposed a new council tax band for mansions. The Scottish Socialist Party has long proposed removing the regressive council tax and replacing it with a redistributive Scottish Service Tax.
This is all in advance of the devolved Scottish Parliament elections in May 2026. Polls tell us voters in Cymru strongly support the extension of the fiscal powers devolved to the Scottish Parliament to Senedd Cymru, as a minimal demand, and also elect a new Senedd on a new PR system in May 2026.
The campaign for a wealth tax will therefore have a totally different character and demands in the different parts of “Britain” (which has not been a fiscal or economic unit for 225 years by the way). There are no Anglo-centric “one size fits all” fiscal solutions, even within the current form of the UK state.