Wealth: Equality
Commons · Question 29098 · Tabled 5 Feb 2025 · Treasury · Official record
Answered 13 Feb 2025
Question
Asked by Munira Wilson
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential implications for her policies of the recommendations outlined in the Fairness Foundation's report entitled Wealth Gap Risk Register, published on 15 October 2024.
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...