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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Labour will stick to Manifesto when it comes to Income Tax according to Treasury Minister
With speculation mounting around the possibility of tax rises in Rachel Reeves’ forthcoming Autumn Budget, Chief Secretary to the Treasury, Darren Jones has suggested today that the ‘headline rate’ of Income Tax is unlikely to increase later this year. While the focus was on the Chancellor’s recently announced ‘£500 million Better Future Funds’ pledge, Jones, was questioned about the upcoming Autumn Budget and the potential for tax hikes. Althou…
Wealth tax: Reeves won't rule out levy amid budget pressure
Rachel Reeves has refused to rule out introducing a wealth tax as she faces mounting pressure to fill a multi-billion pound budget black hole. The Chancellor insisted her commitments not to raise taxes on "working people" remained firmly in place. | The latest National and International News
Business news live: Rachel Reeves commits to non-negotiable fiscal rules ahead of Mansion House speech - Business Fast
Chancellor to stick to fiscal rules: 'Non-negotiable'Rachel Reeves is due to give her Mansion House speech tomorrow, where there may be plenty which affects tax and more.However, these appear likely to be business-related or wealth-tax adjacent, rather than hitting “ordinary working people”, the chancellor said.“We’ve been really clear in our manifesto about the taxes that
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