Fears that Labour will try to fill the black hole in the nation’s finances with a new “wealth tax” have soared after Sir Keir Starmer refused to rule out such a tax raid during Prime Minister’s Questions.
Conservative leader Kemi Badenoch accused him of “flirting” withLeft-wing demands for a wealth tax on the well-off.
She told MPs it is impossible to “tax your way to growth”.
Mrs Badenoch added: “What is more worrying is now he is flirting with Neil Kinnock’s demand for a wealth tax. Let’s be honest about what that means. This is a tax on all of our constituents’ savings – on their houses, on their pensions. It would be a tax on aspiration. Will the Prime Minister rule this out?”
Sir Keir declined to commit to not introducing the tax.
More to follow.
