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HMRC Warning as UK Households Could Face New 'Robin Hood' Wealth Tax
UNITED KINGDOM, JUL 8 – Transport Secretary Heidi Alexander said tax policy will be guided by fairness as government considers wealth tax amid calls to raise up to £24 billion from the richest households.
- On 8 July 2025, Transport Secretary Heidi Alexander refused to rule out a wealth tax amid mounting political pressure from MPs and unions.
- Labour’s union paymasters and backbenchers press for policies like a wealth tax, rent controls, and ending the two-child benefit cap amid HMRC hints of a Robin Hood-style levy.
- Research shows the UK’s 50 richest families hold more wealth than half the population, with a 2% tax on assets over £10 million raising £24 billion annually affecting about 20,000 people.
- Following the refusal to rule out a wealth tax, Nigel Farage warned of an exodus of high taxpayers, and a third of landlords plan to sell rental properties.
- The Chancellor of the Exchequer plans to announce any tax decisions, including potential wealth tax measures, at the autumn budget as pressure mounts for fiscal reform.
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The expression is brandy to justify the creation of a tax on capital gains, as if the target of this reform was obvious, identified... While it is the middle class that is likely to be weakened. ...
·Brussels, Belgium
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examinerlive.co.uk
examinerlive.co.ukHMRC warning as UK households could face new 'Robin Hood' wealth tax
A HMRC warning has been issued as the Labour Party government hints at a Robin Hood-style tax
·Leeds, United Kingdom
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Total News Sources18
Leaning Left3Leaning Right3Center4Last UpdatedBias Distribution40% Center
Bias Distribution
- 40% of the sources are Center
40% Center
L 30%
C 40%
R 30%
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