Rachel Reeves is to impose a wealth tax in order to boost public spending, it has been reported.
According to The Daily Telegraph, Reeves will not cut public spending but will instead target those with higher incomes or more wealth in her Budget next month.
Sources close to the Chancellor said: “She will be fair when asking those to contribute more to rebuild our public services.”
A Treasury insider said Reeves was prepared to make “tough decisions” in order to avoid a return to austerity.
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Sort: Newest first Oldest first October 12, 2025 8:19 amReeves to impose wealth tax to fill fiscal black hole
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Rachel Reeves is to impose a wealth tax in order to boost public spending, it has been reported.
According to The Daily Telegraph, Reeves will not cut public spending but will instead target those with higher incomes or more wealth in her Budget next month.
Sources close to the Chancellor said: “She will be fair when asking those to contribute more to rebuild our public services.”
A Treasury insider said Reeves was prepared to make “tough decisions” in order to avoid a return to austerity.
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