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Written question asked by Lord Taylor of Warwick (Non-affiliated) on Thursday, 10 July 2025, in the House of Lords. It was due for an answer on Thursday, 24 July 2025. It was answered by Lord Livermore (Labour) on Tuesday, 22 July 2025 on behalf of the Treasury.


Wealth: Taxation

Question

To ask His Majesty's Government what assessment they have made of the impact of a potential wealth tax on the number of UK residents leaving the UK.

Answer

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.

Successful businesses and entrepreneurs who create jobs and wealth are the driving engine of the Government’s mission to increase economic growth. We will support them to succeed.


Secondary information

Type
Written question
Reference
HL9358
Session
2024-26
Subjects
Taxation Wealth Emigration
Contains statistics
Yes
Link
View this Written question on www.parliament.uk