Skip to main content

Topical question asked in the House of Commons, by Debbie Abrahams (Labour). It was answered on Tuesday, 21 March 2023 on behalf of the Treasury.


Topical Questions

Question

T9

.

Debbie Abrahams (Oldham East and Saddleworth) (Lab):

OBR analysis of last week’s Budget has shown that there will be no real-terms growth in public services in 2023-24 and just 1% in 2024-25. Given the recent Patriotic Millionaires UK survey showing that more than seven in 10 millionaires want to have a fair tax on their wealth—by wealth, we are talking about £10 million of investable assets—will the Chancellor look at this?

Answer

What I say to the hon. Lady, whom I greatly respect, is that we did a lot for public services in the autumn statement, including a £3 billion increase in the annual schools budget and an £8 billion increase in the annual health and care budget. We are always focusing on public services, and we do support a progressive tax system.


Secondary information

Type
Oral question
Reference
730 cc157-312 
Session
2022-23
Oral question type
1st Supplementary
Chamber / Committee
House of Commons chamber
Subjects
Investment Economic growth Public sector Taxation Wealth
Link
View this Topical question on hansard.parliament.uk