Prime Minister Sir Keir Starmer said that anyone whose income comes from assets such as shares or property would not come under his definition of a working person.
Landlords and shareholders face being hit with tax rises at next week's budget after Sir Keir Starmer suggested they are not 'working people'.
He has already ruled out putting up rates of income tax, employee National Insurance and VAT, raising questions of how the government will fill the £22billion 'black hole' left by the Tories. Prime Minister Sir Keir Starmer during a TV interview at the Commonwealth Heads of Government Meeting in Samoa on October 24Sir Keir's comments come amid widespread expectation that Chancellor Rachel Reeves will increase capital gains tax on profits from the selling of shares.
The rumoured £35billion of tax increases in the package would be the most raised at a Budget since 1993.He told reporters: 'My evidence that what we are saying is attractive to investors is last Monday's investment summit that was hugely successful.
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