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Evening Standard
Evening Standard
Politics
Nicholas Cecil

Budget 2024: Pensioners, wealthy, landlords and shareholders 'face tax hit' as Labour defines 'working people'

Pensioners, the wealthy, landlords and people with significant shareholdings appeared to be in Rachel Reeves sights for a major tax raid in the Budget.

Sir Keir Starmer and ministers have been grilled on what their definition is of “working people” after they said these individuals would be protected from the brunt of a string of tax increases due to be unveiled on Wednesday October 30, many of which could hit London hard.

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