Oral QuestionTreasury

If she will make a statement on her departmental responsibilities.

Tabled: 25 June 2025Answered: 1 July 2025

Asked by

Chris Hinchliff

LabourNorth East Hertfordshire

Answering Minister

the Chancellor of the Exchequer

Answer from Hansard

Rachel Reeves

As my hon. Friend will know, in last year’s Budget we got rid of the non-dom tax status, increased capital gains tax, put VAT on private school fees and ended the loophole for private equity, as well as introducing further measures, in order to raise £40 billion. As a result, we are investing £300 billion more than would have been raised under the plans that we inherited from the Conservative party. Ours is the only country where—