Rachel Reeves' Secret Tax Bombshell
Shadow Chancellor Rachel Reeves has been revealed to have secretly planned a £20 billion tax bomb targeting homeowners, pensioners, and savers.
A Call for Overhaul
In a 2018 pamphlet, Reeves proposed a complete overhaul of the tax system to boost public spending and redistribute funds, suggesting an increase in wealth taxes by £20 billion annually.
Proposed Changes
Reeves recommended a review of council tax bands, a property tax, and even a new tax on the savings of the wealthy to fund investments in public services.
Conservative Party Response
Craig Tracey, deputy chairman of the Conservative Party, criticized Reeves' proposals, warning that a Labour government would likely result in higher taxes for the public.
Labour's Clarification
Labour clarified that the ideas presented in the pamphlet were not official policy and would not be included in their manifesto, emphasizing the existing financial challenges faced by the current government.
Did you miss our previous article…
https://hellofaread.com/politics/uk-ministers-urge-more-defense-funding/
