After pensioners, will Labour come for the wealthy?
3 months, 1 week ago

After pensioners, will Labour come for the wealthy?

The Independent  

Remember when Peter Mandelson said Labour was “intensely relaxed about people getting filthy rich”? They’re pushing Keir Starmer hard for a wealth tax. They would not be Labour voters suffering; the rich would scream, but the party’s popularity would almost certainly not dip. Curb their activities – they are also tax shelters for the rest of the world – and the gain for the British Exchequer would far outweigh anything raised from a wealth tax on people living in Britain. It may enhance Starmer’s standing among Labour supporters, but it’s hard to deny the international signal it would send that, despite everything else he and Reeves have said, Britain is not open for business.

Spain Tax Wealth Labour British Cent Reeves Britain Starmer Rich  tax  come  theyre  reeves  rich  money  wealth  making  wealthy  labour  cent  pensioners

History of this topic

What won’t happen in today’s Budget? Labour’s less likely options weighed up
1 month, 3 weeks ago

What won’t happen in today’s Budget? Labour’s less likely options weighed up

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Tax rises have been confirmed by Labour, with Keir Starmer …

Starmer’s blueprint for a tax war on pensioners
3 months, 3 weeks ago

Starmer’s blueprint for a tax war on pensioners

The Telegraph  

Figures from the Office for Budget Responsibility show that in 2010, when David Cameron defeated Gordon Brown, pensioner benefits cost the Treasury just under £86 billion. Stuart Adam, senior economist at the independent Institute for Fiscal Studies, says: “Overall, on average, the older generation, the baby boomers, have done quite well out of the economy and have done quite well …

How Labour could raise taxes as Starmer admits budget will be ‘painful’
3 months, 3 weeks ago

How Labour could raise taxes as Starmer admits budget will be ‘painful’

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery Chancellor Rachel Reeves will deliver her first Budget in October On …

Will Keir Starmer’s keynote speech pile on the pain or ‘restore hope’?
3 months, 4 weeks ago

Will Keir Starmer’s keynote speech pile on the pain or ‘restore hope’?

The Independent  

Since winning the election in July, the new government’s rhetoric has largely been a blame game. open image in gallery Chancellor Rachel Reeves faces a challenging two months in parliament as she prepares for her first budget on 30 October He will argue that “14 years of populism and failure” under the Conservatives made responding to this month’s riots much …

Super-rich ‘already fleeing Britain ahead of Starmer’s crackdown’
5 months, 3 weeks ago

Super-rich ‘already fleeing Britain ahead of Starmer’s crackdown’

The Telegraph  

The super-rich are already fleeing Britain amid fears Sir Keir Starmer will introduce a series of wealth tax rises if he becomes prime minister this week, a leading City lawyer has warned. Ayesha Vardag, whose firm represents the wealthy in high-profile divorce battles, said she has already seen a “flood” of clients quit the UK in anticipation of Labour’s expected …

Starmer-backed group of Labour MPs proposed six tax rises worth £60bn
6 months ago

Starmer-backed group of Labour MPs proposed six tax rises worth £60bn

The Telegraph  

A dossier drawn up by Labour MPs proposed six new tax rises to raise £60 billion. The proposals from the party’s Tribune group – of which Sir Keir Starmer is a member – set out increases to inheritance tax, capital gains taxes and a new “jackpot” levy on the super-rich. The document, seen by the Daily Mail, was submitted as …

UK Labour leader Keir Starmer says he’ll end the era of ‘gestures and gimmicks’ if he wins power
6 months, 1 week ago

UK Labour leader Keir Starmer says he’ll end the era of ‘gestures and gimmicks’ if he wins power

Associated Press  

MANCHESTER, England — The left-of-center politician aiming to become Britain’s prime minister in three weeks’ time said Thursday he will lead a government that’s both “pro-business and pro-worker” and restore stability after years of economic and political turmoil. Labour Party leader Keir Starmer said that if he’s elected on July 4, he will end the “desperate era of gestures and …

UK’s Starmer says ‘wealth creation’ priority in election pitch to voters
6 months, 1 week ago

UK’s Starmer says ‘wealth creation’ priority in election pitch to voters

Al Jazeera  

Labour Party leader rules out any rise in income tax, for national insurance or VAT. The UK’s opposition leader Keir Starmer has pledged to make wealth creation the top priority of his government in a pre-election pitch to voters. Speaking ahead of the release of the Labour Party’s election manifesto on Thursday, Starmer said he would prioritise economic growth and …

No wealth tax under Labour, Rachel Reeves pledges
1 year, 3 months ago

No wealth tax under Labour, Rachel Reeves pledges

The Telegraph  

Rachel Reeves has ruled out any version of a wealth tax if Labour forms the next government, declaring that additional taxation will not lead to prosperity. In an interview with The Telegraph, the shadow chancellor launches a bold bid for support from businesses and wealthier households, saying she will not introduce a levy to target wealth or expensive properties, and …

Labour could bring in heavier taxes for wealthy, Keir Starmer suggests
2 years, 2 months ago

Labour could bring in heavier taxes for wealthy, Keir Starmer suggests

The Telegraph  

Labour could tax wealth more heavily if the party wins power after the next election, Sir Keir Starmer suggested on Wednesday as he wrapped up his party’s conference. The Labour leader rejected the suggestion that he wanted to impose a “wealth tax” - but he said he was “looking at how we tax fairly”. Sir Keir said at the weekend …

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