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Stock impact report

Rachel Reeves admits some working people face tax rises at Budget [Yahoo! Finance]

Banco Santander, S.A. Sponsored ADR (Spain) (SAN) 
Company Research Source: Yahoo! Finance
The Chancellor also suggested that the Prime Minister is a “working person” after Sir Keir Starmer suggested landlords and anyone earning their income from assets are not workers. Responding to a question on LBC Radio on whether some working people faced tax rises, the Chancellor said: “It's not possible to close the gap in our public finances without having to make difficult decisions. “I'm making the choice to not increase the key taxes that working people pay.” Ms Reeves denied this would be in breach of Labour's manifesto pledge not to raise taxes on workers. She said: “We made a clear commitment in our manifesto not to increase the key taxes that working people pay, National Insurance, income tax and VAT.” Ms Reeves' remarks come after James Murray, the Exchequer Secretary to the Treasury, was pressed several times on the definition of a working person but was unable to say whether it included landlords. The comments suggest that taxes on capital gains from selling a Show less Read more
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