Wealth: Equality
Commons · Question 29097 · Tabled 5 Feb 2025 · Treasury · Official record
Answered 13 Feb 2025
Question
Asked by Munira Wilson
To ask the Chancellor of the Exchequer, with reference to Fairness Foundation and King's College's report Identifying and mitigating the risks of wealth inequality in the UK, published on 26 January 2025, if she will make an assessment of the potential me
Answer
Answered by James Murray, 13 Feb 2025
While income and wealth are not always directly correlated, distributional analysis shows that Government decisions at Autumn Budget 2024 and Spending Review 2025, Phase 1 are progressive and benefit households in the lowest income deciles the most, on av...