Fair taxes on private jets and superyachts could have raised up to £2bn last year, Oxfam finds
FAIR taxes on private jets and superyachts could have raked in £2 billion last year to help communities devastated by climate change, an Oxfam report revealed today.
Britain has the second-highest number of private jet flights in Europe, trailing only behind France.
Oxfam found that there were 192,052 private jet flights to and from Britain last year, not including those for medical, government, or military purposes.
According to climate charity Possible, flying by private jet can be up to 30 times more polluting than standard flights.
Oxfam also found that Britain is also home to 450 fuel-guzzling superyachts.
Indiana University academics found that a superyacht with a permanent crew, helicopter pad, submarines and pools emits an estimated 7,020 (US) tonnes of CO2 a year. In comparison, petrol cars produce about 1,749kg a year.
Oxfam is calling on Chancellor Rachel Reeves to increase taxes on the super-rich using these modes of transport, and redirect the funds to help tackle the climate emergency, while preventing lower-income families from shouldering the burden.
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