Skip to content
Subscriber Only

Cameron Says U.K. Rich Will Pay More Tax Without Mansion Levy

U.K. Prime Minister David Cameron said his government will announce additional measures to increase taxes on the rich, while ruling out a so-called mansion tax wanted by his Liberal Democrat coalition partners.

“We are going to take further action to make sure that the richest people in our country pay their fair share towards deficit reduction,” Cameron told BBC television’s “Andrew Marr Show” yesterday as his Conservative Party began its annual conference in Birmingham, central England. He said people who save and buy large houses shouldn’t be hit “every year with a massive great tax. That’s not going to happen.”