Prime Minister Keir Starmer has indicated potential tax increases for those deriving income from assets such as shares and property, as they do not align with his definition of 'working people'. This comes ahead of the upcoming budget, where Chancellor Rachel Reeves is expected to announce increases in capital gains tax and possibly national insurance on employer contributions. The Labour Party's manifesto has pledged not to increase taxes on 'working people', defined by Starmer as those earning a living through regular employment without substantial asset income. Starmer clarified that individuals primarily earning from assets like shares are not considered under this definition, suggesting tax hikes for these groups. The government faces pressure to address a £22 billion budget shortfall, necessitating 'tough decisions' on fiscal policies. The debate over these tax definitions and their implications continues to intensify as the budget announcement approaches.