Published

Budget 2024: Minister refuses to rule out tax rises for people earning more than £100,000

  • A Labour minister could not guarantee that individuals earning over £100,000 will not face tax increases as concerns about National Insurance hikes persist.
  • Prime Minister Keir Starmer and Chancellor Rachel Reeves previously assured that taxes on "working people" would not rise before July's General Election.
  • Chancellor plans reforms to inheritance and capital gains taxes to address a £22 billion shortfall in public finances.
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