Labour’s upcoming budget has sparked a debate over the party’s pledge not to raise taxes on “working people”. Sir Keir Starmer and ministers have been attempting to define this term amid scrutiny of their tax plans.
The Prime Minister suggested that those with income from assets such as shares or property would not fall within his definition of “working people”.
However, Downing Street later clarified that individuals with small savings in stocks and shares would still be considered “working people”.
This all comes ahead of the Chancellor’s budgetl, which will be announced next week and is expected to see major tax hikes.
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