Shadow Chancellor Rachel Reeves has firmly dismissed any speculation about Labour introducing a wealth tax, confirming that the party has no such plans for the upcoming Autumn Budget.
Speaking to reporters, Reeves emphasised Labour's focus on economic stability and growth, rather than imposing new taxes on wealth. "Our priority is to ensure a fair and balanced approach to taxation," she said. "But a wealth tax is not on the table."
No Surprise Moves in Autumn Budget
Reeves' comments come amid growing speculation about potential tax reforms under a Labour government. However, she made it clear that the party would not pursue radical changes, opting instead for measured fiscal policies.
"We are committed to responsible economic management," Reeves stated. "That means no sudden shocks or unexpected tax hikes."
Focus on Growth and Fairness
Labour's economic strategy appears to centre on stimulating growth while maintaining fairness in the tax system. Reeves highlighted investments in public services and infrastructure as key priorities, rather than targeting private wealth.
"The British people deserve a government that delivers stability and opportunity," she said. "That’s what Labour will provide."
