To ask the Chancellor of the Exchequer, if he will make an assessment of the potential impact on (a) economic growth and (b) inequality of introducing a higher earners minimum tax rate of 35% for people earning over £100,000 a year.
Answered on
4 March 2024
The Government is committed to a fair tax system in which those with the most contribute the most. The income tax system is highly progressive, with different rates of tax sitting above an internationally high Personal Allowance.
The Government keeps tax policy under review and any decisions on future changes will be taken by the Chancellor in the context of the wider public finances.
Answered by
Treasury