Brief by Shorts91 Newsdesk / 03:21am on 25 Oct 2024,Friday International
Prime Minister Sir Keir Starmer has hinted at potential tax increases for individuals with shares and assets, stating they do not fall under his definition of "working people." This comes after Labour's manifesto promised not to raise taxes on working people, though the term's exact meaning remains unclear. The discussion grew after ministers did not rule out a national insurance hike on employers, which tax experts say could ultimately affect employees through lower wages. Starmer described a working person as someone who earns a living through regular wages, rather than relying on financial assets or wealth.
