Claim: A 0.05% financial transactions tax would raise £250 billion which could pay for a 15% pay rise for NHS workers until 2049.
Fact-check: Viral tweet on wealth tax generating £250 billion for NHS is misleading - Full Fact
Verdict: the £250 billion such a tax is estimated to raise is a global tax, and so would not be spent on the nhs alone.
Organisation: Full Fact
Author: Abbas Panjwani
Date published: 2022-02-23T00:00:00