Rachel Reeves has ruled out any version of a wealth tax if Labour forms the next government, declaring that additional taxation will not lead to prosperity.
In an interview with The Telegraph, the shadow chancellor launches a bold bid for support from businesses and wealthier households, saying she will not introduce a levy to target wealth or expensive properties, and will not increase capital gains tax or the top rate of income tax.
Instead, she says, she will do “whatever it takes” to attract private investment to Britain.
Here is more from The Telegraph. Median voter theorem still underrated! Hail Anthony Downs!
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