Labour unveils plan to tackle tax evasion
Labour's Shadow Chancellor Rachel Reeves has revealed a strategy to generate £5 billion annually by closing the tax gap, the variance between the amount of tax owed and the amount collected. The party intends to allocate up to £555 million each year to increase the number of compliance officers at HMRC.
Controversy surrounds Angela Rayner's financial affairs
While unveiling the crackdown on tax dodgers, Labour faced backlash as Deputy Leader Angela Rayner is being scrutinized for potential financial irregularities related to a 2015 house sale. Despite accusations, Shadow Chancellor Reeves defended Rayner, asserting that she had appropriately paid her taxes a decade ago.
Political reactions and criticisms
Labour's initiative was criticized as inadequate by experts. Meanwhile, Sir Keir Starmer, the party leader, supported Rayner amid the controversy. However, Treasury minister Nigel Huddleston accused the Labour leadership of applying different standards to themselves regarding taxation.
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