Wealth: Taxation

(asked on 17th July 2025) - View Source

Question to the HM Treasury:

To ask His Majesty's Government whether they have plans to introduce a wealth tax.


Answered by
Lord Livermore Portrait
Lord Livermore
Financial Secretary (HM Treasury)
This question was answered on 24th July 2025

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 October 2024 to help fix the public finances in as fair a way as possible. These and other decisions announced at the Budget in October 2024 will help repair the public finances and fund public services such as the NHS and education.

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