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

The Guardian World Wednesday 15 July 2026, 18:09 UTC By Kiran Stacey Policy editor 1 min read

Key Points

I don’t want to create new divisions, incoming prime minister says 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 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.

I don’t want to create new divisions, incoming prime minister says 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.

Andy Burnham (PERSON) Mahmood (PERSON) Burnham (PERSON)

Originally published by The Guardian World Read original →

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

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