Prime Minister Sir Keir Starmer paid £54,718 in income tax in 2023/24, according to a document released by the government. A summary shows he paid the tax on £152,225 of income in the financial year ending 5 April 2024, a period when Labour was in opposition. Sir Keir received most of his income from his role as an MP and smaller amounts from book royalties and £5,174 of interest on money in a savings account. Chancellor Rachel Reeves and Deputy Prime Minister Angela Rayner have also published summaries of their tax affairs for the same year.
Reeves earned a total of £91,758 and paid £24,215 in income tax. The chancellor received £12,372 from self-employment income, which was related to book royalties and audiobook fees. Rayner earned a total of £85,205 and paid £21,514 in income tax. All of Rayner’s income and taxable benefits came from her role as an MP. Sir Keir’s tax bill for 2023/24 was lower than the previous financial year, when he paid £52,688 in capital gains tax after the December 2022 sale of a field partly owned by his father’s estate. His tax bill in 2022/23 was five times lower than former Prime Minister Rishi Sunak’s for the same year.
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