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LONDON DAILY ARCHIVE

Labour Open to Considering Wealth Tax Measures

Shadow cabinet signals willingness to examine taxing the richest

07 July 2025 · 07:11 UTC

Labour has indicated that it is willing to explore the introduction of a wealth tax as part of its economic strategy if it wins the next general election.

Shadow ministers have not committed to a specific proposal but confirmed that closing tax loopholes and ensuring the ultra-rich contribute fairly remains on the table.

The announcement comes amid growing public debate over inequality and funding for public services, as Labour seeks to position itself as a fiscally responsible yet socially just alternative to the current government.