Key information
Date: Thursday 10 September 2026
Time: 10:00am
Motion detail
Alex Wilson AM moved, and Keith Prince AM seconded the following motion:
“The Assembly notes with concern the recent proposals from the Prime Minister and Chancellor of the Exchequer surrounding tax reform and changes to the local government funding formula.
The Assembly recognises that London is the single largest regional contributor to the Exchequer, and one of only two regions that consistently generates a net fiscal surplus. Therefore, this Assembly believes it wrong to impose further tax burdens on London’s residents. It is wrong to view London as a cash cow.
The Assembly, therefore, formalises its support for the leaders of Kensington and Chelsea, Richmond, and Wandsworth in their collective expression of concern regarding the disproportionate concentration of the proposed ‘Mansion Tax’, noting that an estimated 55% of the total funds raised would be sourced from those boroughs alone.
The Assembly expresses its concern over proposed changes to the local government funding formula, which, if enacted, will penalise low-tax London councils such as Wandsworth.
Therefore, this Assembly calls on the Mayor to stand up for Londoners by publicly opposing The Prime Minister and Chancellor’s proposed tax reforms, and to write to them to that effect.”
Following debate and upon being put to a vote, the motion was agreed with 8 votes being cast in favour, and 2 votes cast against.