Neil O'Brien

Neil O'Brien

Conservative — Harborough, Oadby and Wigston

Speaking in the House of Commons on 7 July 2025

Debate

Government Performance against Fiscal Rules

Contribution

A £6 billion hole has been opened up because those on the Labour Front Bench cannot get those on the Labour Back Benches to vote for their own policies. As a result, No. 10 is today conspicuously refusing to rule out a wealth tax. If we tell business people and wealth creators that their money will get taxed if they leave it in this country, we drive even more investors away. Is it not the case that even if this measure is not ultimately put in place, over the next couple of months the speculation about a wealth tax itself will drive investment away from this country?

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