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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Chancellor of the Exchequer Rachel Reeves ruled out a UK wealth tax, while also giving one of her strongest commitments yet to abide by campaign pledges not to raise the level of several key taxes.
“We already have taxes on wealthy people; I don’t think we need a standalone wealth tax,” Reeves said in an interview with Bloomberg TV at the Labour Party’s conference in Liverpool on Monday, citing capital gains tax and inheritance tax. “I’m not even sure it would work.”