World Jul 15, 2026 · 1 min read

Andy Burnham signals a wealth tax is off the agenda for now

Incoming prime minister says he doesn’t want to ‘create new divisions’ as Mahmood is tipped to be chancellorAndy Burnham has signalled that he will not increase wealth taxes immediately after becoming prime minister, easing concerns among the business community but limiting his economic room for man...

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The Guardian
by Kiran Stacey Policy editor
Andy Burnham signals a wealth tax is off the agenda for now

Incoming prime minister says he doesn’t want to ‘create new divisions’ as Mahmood is tipped to be chancellor

Andy Burnham has signalled that he will not increase wealth taxes immediately after becoming prime minister, easing concerns among the business community but limiting his economic room for manoeuvre.

He said on Wednesday he did not want to “create new divisions” with his tax policy, in comments that allies said were a sign that he did not intend to raise money by taxing wealth.

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This article was originally published by The Guardian and written by Kiran Stacey Policy editor.

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