Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of a wealth tax.

There are several long-standing taxes on assets and wealth that generate substantial revenue for the government.

The government is committed to making sure everyone pays their fair share of tax, helping us to fund public services whilst staying within the Chancellor’s fiscal rules. This includes progressing the government’s manifesto policies to close tax loopholes and tackle tax avoidance. These policies will make the tax system fairer and support government priorities including funding the NHS and schools and supporting the UK’s transition to clean energy.