Reeves Refuses to Rule Out Wealth Tax – Guido Fawkes

WATCH: Reeves Refuses to Rule Out Wealth Tax

As speculation of a raft of tax hikes sends millionaires fleeing and businesses freezing their hiring plans, Rachel Reeves is doing little to calm any nerves. Speaking to reporters this afternoon she trotted out Labour’s ever-shifting definition of ‘working people’. The undefined ‘modest income’ was thrown into the mix yesterday…

Pressed on what tax hikes – including a wealth tax – could be in the Autumn Budget, Reeves said:

“We haven’t even set the date for the budget yet. I’m not going to speculate about what might happen at an event that we haven’t even decided a date on yet. But we’ve been really clear in our manifesto about the taxes that we won’t increase. And we’re not going to increase the taxes that working people pay, their income tax, their national insurance, and their VAT. I’m not going to start speculating or or setting out plans.”

Again, not ruling out a wealth tax. If only a minister could actually define who ‘working people’ are…