Asked by: Lord Leigh of Hurley (Conservative - Life peer)
Question to the HM Treasury:
To ask His Majesty's Government what impact assessments they have carried out in relation to a wealth tax.
Answered by Lord Livermore - Financial Secretary (HM Treasury)
The Government is committed to making sure the wealthiest in our society pay their fair share of tax. That is why the Chancellor announced a series of reforms at the Budget in 2024 to help fix the public finances in as fair a way as possible. These and other decisions announced at the Budget in 2024 will help repair the public finances and fund public services such as the NHS and education.