Keir Starmer fuelled alarm at the looming raids by Rachel Reeves as he suggested those with assets do not count as 'working people' and will by targeted by Labour .
Are you a working person with shares or a second property? Email [email protected] Keir Starmer has been accused of 'straight up lying' to Brits as shareholders, landlords and savers face being battered with tax rises at next week's Budget.
He has already ruled out putting up rates of income tax, employee National Insurance and VAT, leaving Ms Reeves scrambling to target areas such as capital gains and inheritance tax for revenue. 'Keir Starmer went into an election saying he’d protect working people only to define that as a subset of people with jobs once he won,' Tory frontbencher Claire Coutinho posted on X.Other critics pointed out that many people had shares in the companies they worked for, or might have invested in second homes for their pension.
She is also understood to be planning to impose national insurance on employers' contributions to retirement funds - despite complaints it is a 'straightforward breach' of Labour's manifesto. 'All the feedback back to us has been that it was very well received by a significant number of global investors.'
Hundreds of thousands could be dragged deeper into the tax system by extending the freeze on thresholds again. And inheritance tax, pension pots and capital gains could also be milked to bolster the government's books. Attending IMF meetings in Washington DC yesterday, Ms Reeves confirmed that she is bending fiscal rules to splurge billions more on infrastructure.
Pushed further on whether a working person could also get income from shares or property, Mr Murray added: 'We're talking about where people get their money from, and so working people get their money from going out to work. 'It's for real and we've got to deal with it and I don't think we are wrong to be honest about that and we have also been clear this is a budget about rebuilding the country and therefore it will also spell out the direction of travel for the country and what we want to do with it.
'But what we are going to do, it's really important that we fix the foundations, that we clear up this mess once and for all and on that we build a better Britain. 'People who have got that anxiety if you like in the bottom of their stomach that says, we're doing it all right, but if something were to happen to me or my family I don't have the wherewithal to get out of it.
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