Question to the HM Treasury:

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.

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.