Commitment

Broaden the tax base with taxes on wealth not income

What this means

The Labour Party promised to shift taxation away from income and toward wealth, meaning higher earners and asset holders would pay more.[source]
Labour ruled out cutting income tax or narrowing the tax base, a clear break from policies other parties were proposing at the 2024 general election.[source]
This commitment was made in Labour's 2024 general election manifesto, published on 17 November 2024, and remains a promise with no delivery date set.[source]
For accountability purposes, voters can track whether Labour pushes for wealth taxes in any future government programme or budget negotiations.[source]

Direct impact (1)

Indirect impact (10)

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Relationship map

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Status

Promised

Labour committed to broadening the tax base with increased taxes on wealth rather than income, ruling out income tax cuts or shrinking the tax base.

Attribution & links

Evidence & sources

Every status claim above is backed by a primary source — follow a link to the source-of-truth document.

Evidence

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