24 November 2025
A coalition of 17 faith organisations, coordinated by JustMoney Movement, has today released a joint statement urging Chancellor Rachel Reeves to raise and reform taxes on wealth in Wednesday’s Budget.
The group, including JustMoney Movement, Christian Aid, Faith for the Climate, and The Methodist Church, argue that bold action is needed to tackle poverty, inequality, and the climate crisis.
The statement, signed by organisations from a range of faith traditions, outlines three measures that the Chancellor could introduce:
- Raise a wealth tax on the super-rich (top 0.04%) who are well able to contribute to strengthen our society, having increased their wealth by 250% since 2010
- Reform and equalise Capital Gains Tax with Income Tax so that income from wealth is taxed fairly at the same rate as income from work
- Resource HMRC sufficiently to close the tax gap and put the infrastructure in place to effectively tax wealth
The group argue that these measures could raise tens of billions of pounds to support public services, invest in a fairer and greener society, and make the tax system more equitable.
Sarah Edwards, Executive Director of JustMoney Movement said:
“As faith organisations we believe that tax reform is essential to tackling the deep challenges of poverty, inequality and the climate crisis. But our current tax system isn’t fit for purpose. We urge the Chancellor to make bold choices to tax wealth more, and more fairly, to reflect our shared responsibility to care for one another and the planet.”
Shanon Shah, Director of Faith for the Climate said:
“Extreme wealth continues to grow for the super-rich and dirty industries such as coal, oil and gas, yet ordinary people struggle, our public services are under strain, and climate disasters are getting worse in Britain. People of faith do not regard these problems as economic or political issues, but as part of a larger spiritual and moral crisis. The budget is a powerful instrument to address this crisis.”
Jennifer Larbie, Head of UK Campaigns and Advocacy, Christian Aid:
“The world’s lowest income communities are owed finance by wealthier countries to confront climate breakdown – a crisis they’ve done little to cause. It’s the UK’s moral responsibility to provide it. Our country holds plenty of wealth – it’s just concentrated in the hands of the wealthiest people and companies. It’s time the Chancellor taxed the biggest polluters and fund urgent climate action around the world.”
Full list of signatories:
JustMoney Movement
Centre for Applied Buddhism
Christian Aid
Christian Climate Action
Church Action on Poverty
Churches Together in England
Eco Dharma Network
Faith for the Climate
Green Christian
Iona Community
Methodist Church in Britain
Operation Noah
Quakers in Britain
Red Letter Christians UK
Scottish Ahlul Bayt Society
The Unitarians
Read the full text of the statement here.
Please contact JustMoney Movement to arrange an interview, to request a written article for your publication or any further engagement. Queries to info@justmoney.org.uk
Notes to editors
The JustMoney Movement (formerly The Ecumenical Council for Corporate Responsibility) equips individuals and congregations to take action with their own finances and campaigns an ecumenical charity working across the UK churches for a fairer, greener economy. The charity has been calling for a wealth tax, and other measures to tax wealth more, for several years, to help tackle inequality and create a society where everyone can flourish. Find out more www.justmoney.org.uk