Question to the HM Treasury:
To ask the Chancellor of the Exchequer, with reference to the February 2020 report entitled Health Equity in England: The Marmot Review 10 Years On, what steps he is taking to narrow wealth differentials between the richest and poorest (a) individuals and (b) regions.
Income inequality is lower now than it was in 2010, and the top 1% pay over 29% of income tax - higher than at any time over the last 10 years. The government has taken steps to ensure those with the broadest shoulders bear the greatest burden, including reforming dividend taxation so those with very large shareholdings pay more and taxing the capital gains that non-residents make on UK property.
This government will unleash Britain’s potential by investing in public services and infrastructure, and spreading opportunity and prosperity across every region and nation. We will continue to transform the UK economy through the Budget this week and in the Comprehensive Spending Review later this year.