Chancellor responds to calls for wealth tax on millionaire households
The government has “got the balance right” on tax, Rachel Reeves has insisted after a former Labour shadow chancellor said she should consider introducing a wealth tax.
The chancellor said she had already increased taxes on the wealthiest in society with higher levies “on private jets, on second homes, and increased capital gains tax”.
Speaking to reporters in Scotland, Reeves said: “In the budget last year, we got rid of the non-domicile status in our tax system, so people who make Britain their home have to pay their taxes here.
“I think we’ve got the balance right in terms of how we tax those with the broadest shoulders, but any further decisions will be ones that are made at a budget in the normal way.”
