US EditionStarmer poised to block wealth taxes: Report
- Sir Keir Starmer is preparing to reject proposals for new wealth taxes, as his adviser Liz Lloyd cautioned that taxing the rich could weaken economic growth.
- Starmer has emphasized that taxing the wealthy is not a 'bottomless pit' and highlighted the need to focus on increasing the economy's size.
- Tax expert Eamon Shahir stated that changes to the Autumn budget have caused 'unprecedented numbers of wealthy people leaving the UK in search of more favourable tax environments.'
- Experts warn that high earners leaving the UK may relocate their businesses and investments, which could lead to job losses.
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Coverage Details
Total News Sources4
Leaning Left1Leaning Right3Center0Last UpdatedBias Distribution75% Right
Bias Distribution
- 75% of the sources lean Right
75% Right
L 25%
R 75%
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