British PM David Cameron says the rich will have to pay more taxes

London, United Kingdom (4E) – British Prime Minister David Cameron said on Sunday the government is set to unveil details of its plan to increase taxes on the well off, while dismissing the so-called “wealth tax” pushed by the Liberal Democrats in the UK parliament.

Cameron and fellow Conservative MP George Osborne have confirmed that the rich should expect more taxes as the government seeks to keep its deficit in check. No specific details yet were provided by the two senior figures of the government on how the top earners’ contribution will be increased, but guaranteed that it it will not be be through the wealth tax.

The Liberal Democrats have agreed during their conference that they are in favor of implementing a mansion tax to the rich on homes that are valued more than £2 million.

Osborne said in an interview with Sky’s Murnaghan show that he feels the Liberal Democrats’ plans are not right. He believes government does not need a new mansion tax, saying that a wealth tax is not a sensible idea to begin with.

In an interview with BBC’s “Andrew Marr Show”, Cameron stated that further action is necessary to ensure the rich will pay their fair share to help reduce the public sector deficit. Cameron’s Conservative Party is kicking off its annual conference in Birmingham, England.

The prime minister explained that the government has already implemented several measures to boost government revenues such as stopping tax evasion, removing reliefs and raising stamp duty on large homes.

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