Starmer's Tax Plans Stir Debate Before Budget

Prime Minister Keir Starmer's recent comments have sparked debate over the definition of 'working people' in the context of tax policies ahead of the upcoming budget. Starmer indicated that individuals whose primary income comes from assets like shares and property may not be considered 'working people,' suggesting potential tax increases for these groups. This has led to speculation about possible hikes in capital gains and inheritance taxes, as the government seeks to raise revenue without increasing taxes on what they term 'working people.' Starmer's definition appears to focus on those reliant on wages rather than unearned income, though his office later clarified that those with minor investments might still be considered working people. The Labour Party's manifesto pledged not to raise taxes on working people, yet the ambiguity in this definition has generated uncertainty and calls for clarity. The anticipated budget, expected on October 30, could see significant tax adjustments, which critics argue might impact economic growth and investor confidence.