Tax Justice UK’s comment on the government’s 2025 Comprehensive Spending Review.
Caitlin Boswell, Head of Advocacy and Policy at Tax Justice UK said:
“The Chancellor’s spending review has made a big bet on investment. More money for housing, transport and the NHS is a good thing. Yet we heard nothing about social care or social security, areas likely to face damaging cuts. These will be felt by some of the most marginalised people in the UK who have already borne the brunt over 14 years of austerity measures. There’s plenty of money in Britain to pay for investment and avoid damaging cuts. Now we just need the government to find the courage to tax the extreme wealth of the super-rich to pay for it, and implement the wholesale rewiring of the economy needed to improve people’s lives.”
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Notes to editors:
- For further information or comment, please get in touch via 07503 789994 or on press@taxjustice.uk
- Tax Justice UK, alongside Patriotic Millionaires UK, have put forward ten tax reform proposals – to raise up to £60bn – that could simultaneously reduce wealth inequality, boost public services and tackle the climate emergency.
- Recent polling from Patriotic Millionaires UK has found that:
- 80% of UK millionaires support a 2% tax on wealth over £10million
- 76% support higher taxes on their own wealth if it means a more stable and equal society for future generations; and 81% think it’s patriotic to pay your fair share.
- The Trade Union Congress released polling that found:
- Two in three (67%) support an annual wealth tax for estates above £10 million including 88% of Tory to Labour switchers; and 81% of Labour voters now strongly considering Reform.