A Labour government might have to increase taxes on the wealthiest Britons to get the national debt falling, according to a new analysis by Bloomberg. Labour is considering increases to capital gains and inheritance tax to rebuild Britain’s public services. Internal Labour documents confirm radical changes to capital gains and inheritance tax are being discussed. Economists suggest that a focus on wealth, pensions, and businesses will likely be needed to keep the public finances on track. Proposals include an increase in capital gains tax and a reform of inheritance tax. The Guardian reports that Labour's plans could lead to a £10 billion HMRC raid.
ICYMI: 'The UK is set to lose 9,500 millionaires, second only to China, because they are so fearful of the incoming Labour government.' The panel discuss rumors that Labour is tabling plans to increase capital gains taxes to fund the public services. https://t.co/8zF5JzXYbs
New brain drain fears as wealthy foreigners flee Sir Keir Starmer's tax threat https://t.co/ijc4zLtaQp https://t.co/f7HbFlkamv
'The UK is set to lose 9,500 millionaires, second only to China, because they are so fearful of the incoming Labour government.' The panel discuss rumors that Labour is tabling plans to increase capital gains taxes to fund the public services. https://t.co/yCdXYCDtAg
Inheritance tax overhaul floated as part of Labour's secret £10billion HMRC raid: 'Be honest!' https://t.co/O03RrYxdU4 #tax #hmrc #labour
💷 It is claimed that proposals include an increase in capital gains tax and a reform of inheritance tax Read more in the link below ⬇️ #tax #labourparty https://t.co/sRoqmBZRnH
Wealthy foreigners step up plans to leave UK as taxes increase https://t.co/2AxxJAhrRN
Labour 'draws up plans for wealth taxes' in bid to 'unlock' funds for public services https://t.co/vzsyOYdaTo
UK's Labour considers upping capital gains and inheritance taxes, Guardian reports https://t.co/RhAYhylX4i https://t.co/xpk4t10gVa
"Labour drafts options for wealth taxes to ‘unlock’ funds for public services "Exclusive: Sources say changes to inheritance tax and capital gains tax are being discussed" https://t.co/riRZPhHJPM
Finally, some good news! Exl: Labour are drawing up options for wealth taxes to fund public services once in office. Changes to inheritance tax and capital gains tax are being discussed. https://t.co/J4VLQsIUO3
🚨 NEW: Labour is considering increases to capital gains and inheritance tax to “rebuild Britian’s public services” [@guardian]
Labour drafts options for wealth taxes to ‘unlock’ funds for public services –@Annaisaac https://t.co/vslHWpqoEJ
New: The Guardian has seen internal Labour documents, confirmed by senior sources, which scope radical changes to capital gains and inheritance tax: https://t.co/fJL7xj8QSJ
Labour drafts options for wealth taxes to ‘unlock’ funds for public services https://t.co/Cn08kU0pKV
Labour may need to lift taxes on the UK’s wealthy, economists say https://t.co/mkwcCVySdf via @irinaanghel12 https://t.co/IeOhr6Z2At
NEW: Labour may have to raise taxes on the wealthy to get debt falling, says new analysis by Bloomberg @economics @ana_luisandrade @DanHanson41 “A focus on wealth, pensions and businesses will likely be needed to keep the public finances on track” https://t.co/pC6IMrVqpN
A Labour government might have to increase taxes on the wealthiest Britons to get the national debt falling, according to a new analysis https://t.co/NdKE022jfb