Reeves pledges no increases to UK wealth taxes in next budget


Chancellor of the Exchequer Rachel Reeves. — Reuters

LON)DON: Rachel Reeves vows not to raise wealth taxes in her Autumn Budget, casting off speculation that the Chancellor of the Exchequer will increase levies to defend the United Kingdom’s financial buffer.

“We’re not interested in a wealth tax,” Reeves said in an interview with the Telegraph on Saturday. “Our priority is to grow the economy, and that’s the way that you make working people better off and secure better public finances.”

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