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Autumn Budget – who does Labour define as ‘working people?’

28 October 2024
in Business
Autumn Budget – who does Labour define as ‘working people?’
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The government is facing concerns over potential tax increases in the upcoming Budget, with Prime Minister Keir Starmer promising not to raise taxes on working people but struggling to define who falls into this category. Rumored tax hikes on employer NI, capital gains, and inheritance tax have raised questions about the fairness of Starmer’s definition, with experts warning that many working people own investments and property. As the Budget approaches, the government’s shifting definitions of working people have sparked debate, with critics arguing that the traditional view of working people as those without assets may be outdated and unfair.

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