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Reuters
Reuters
Business
By Andrew MacAskill and Alistair Smout

Britain's Labour pitches itself against tax cuts for the wealthy

Britain's Labour Party leader Keir Starmer speaks during the tribute to Britain's Queen Elizabeth at Britain's Labour Party's annual conference in Liverpool, Britain, September 25, 2022. REUTERS/Henry Nicholls

Keir Starmer, leader of Britain's Labour Party, on Sunday pledged to reverse the abolition of the top rate of income tax, saying tax cuts for the wealthy wouldn't create economic growth as he made a pitch for power at his party's annual conference.

Starmer, who has led Britain's main opposition party for the past two years, said he would reintroduce the top rate of income tax to 45% after the government abolished the rate in a mini-budget.

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