Rachel Reeves under pressure to ‘urgently rule out’ tax hikes
Investors ‘in limbo’ over proposed share tax hikes, claim Tories
- The Conservatives are urging Chancellor Rachel Reeves to urgently rule out increasing share taxes in the upcoming autumn budget.
- This pressure follows a leaked memo from Deputy Prime Minister Angela Rayner, reportedly proposing several tax hikes.
- Proposed measures in the memo include removing the £500 dividend allowance, axing inheritance tax relief for AIM shares, and increasing dividend tax rates.
- The Tories argue investors are “in limbo” over the changes, which would pull millions more into paying investment levies.
- Labour responded by criticising the Conservatives' economic record and highlighting their own efforts to support businesses.