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Oral question asked in the House of Lords, by Lord Robathan (Conservative). It was answered on Thursday, 21 May 2026.


Higher Earners: Emigration

Question

My Lords, the point is that £100,000 is not a huge amount of money. I am glad that the Labour Peers want to pay, but it is very important to encourage people to stay here to keep their money in the country. If they are taxed beyond belief, they will leave. That is not just any old Conservative Peer but people throughout the streets. The Minister must know that, but does he agree?

Answer

The noble Lord says that £100,000 is not very much money. He may like to know that average earnings are around £33,000, which is well below the higher-rate threshold, and around 80% of taxpayers pay only the basic rate.


Secondary information

Type
Oral question
Reference
856 c514 
Session
2026-27
Oral question type
Supplementary
Chamber / Committee
House of Lords chamber
Subjects
Taxation Wealth Emigration
Link
View this Oral question on hansard.parliament.uk