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Reeves says protections remain for ‘working people’ amid wealth tax speculation

  • Rachel Reeves stated that commitments to not raise taxes for working people remain, despite speculation about a new wealth tax.
  • Reeves emphasized the government's focus on supporting business to create jobs amid economic challenges.
  • Bank of England Governor Andrew Bailey suggested that larger interest rate cuts may happen if the jobs market weakens, linking it to changes in national insurance contributions.
  • Treasury Chief Secretary Darren Jones noted that it is normal for companies to adjust their business plans due to tax hikes, while job creation continues across the country.
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11 Articles

Evening StandardEvening Standard
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Reeves says protections remain for ‘working people’ amid wealth tax speculation

Chancellor Rachel Reeves said the manifesto commitment not to increase income tax, national insurance and VAT still stood.

·London, United Kingdom
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  • 60% of the sources lean Left
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The Independent broke the news in London, United Kingdom on Monday, July 14, 2025.
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