Try GOLD - Free
Reeves sidesteps wealth tax queries
Western Daily Press
|July 15, 2025
RACHEL Reeves has not ruled out the possibility of a new wealth tax but insisted commitments not to hike tax for "working people" remained.
The Chancellor said she was not going to comment on speculation around her next budget when a date for the statement had not even been set.
But she said promises not to increase income tax, national insurance and value added tax (VAT) remained in place, along with her "nonnegotiable" fiscal rules.
The Government's U-turns over welfare reform and winter fuel payments have left the Chancellor with a multi-billion black hole to fill, fuelling speculation she might target the assets of the wealthy.
Asked to rule that out, Ms Reeves told reporters: "We haven't even set the date for the budget yet, so please forgive me if I'm not going to speculate about what might happen at an event that we haven't even decided a date on yet.
This story is from the July 15, 2025 edition of Western Daily Press.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Western Daily Press
Western Daily Press
Sole surviving shooting suspect faces 59 charges
THE surviving Bondi Beach shooting suspect has been charged after 15 people were killed at a Jewish festival in Sydney, Australia, last weekend.
2 mins
December 18, 2025
Western Daily Press
F1's Lando could be honoured by Bristol
NEW Formula 1 world champion driver Lando Norris should be given the Freedom of the City of Bristol, according to one city councillor in the wake of his triumph.
2 mins
December 18, 2025
Western Daily Press
Seven men to face trial over child exploitation
SEVEN young men will face a trial next May over a series of sex and drugs offences relating to girls as young as 14 in Bristol over more than two years.
3 mins
December 18, 2025
Western Daily Press
Sixth arrest after death of woman in 80s
A TEENAGE boy has become the sixth person to be arrested on suspicion of the murder of an elderly woman who died after a suspected burglary.
1 min
December 18, 2025
Western Daily Press
Impact of doctor strikes 'to be felt into new year'
THE impact of resident doctor strikes on the NHS in England will continue \"into January and beyond\", experts have warned as health bosses called on the Government and the British Medical Association (BMA) to enter mediation to end the dispute.
3 mins
December 18, 2025
Western Daily Press
Count on Gyenyame to win again at Exeter
GYENYAME can notch his second win at Exeter in the Racing Blogger, 'Christmas Cup' Handicap Chase.
1 mins
December 18, 2025
Western Daily Press
Unexpected demand for care adds £7.6m to bill
A SURGE in the numbers of children being taken into care by Swindon Borough Council over the last year has been a major factor in driving the children's budget into overspend.
2 mins
December 18, 2025
Western Daily Press
Harbour tragedies spark plea for safety measures
A PETITION is calling for Bristol's harbour to be made safer after two bodies were pulled from the water in less than a month.
3 mins
December 18, 2025
Western Daily Press
Starmer tells Abramovich ‘clock is ticking'
SIR Keir Starmer has warned Roman Abramovich that \"the clock is ticking\" for him to donate the proceeds from the sale of Chelsea FC to Ukraine.
1 min
December 18, 2025
Western Daily Press
Doyle's sentence is set to have leniency review
THE sentence for the driver who ploughed through dense crowds at Liverpool FC's Premier League victory parade earlier this year will be considered by the Attorney General's Office, after requests for it be reviewed as being too lenient.
1 mins
December 18, 2025
Listen
Translate
Change font size