Abstract
During last summer’s UK elections, the Labour party manifesto included a pledge to address a huge gap in the country’s finances by raising taxes on the wealthy, while sparing “working people” from tax increases. Last month, Chancellor Rachel Reeves laid out Labour’s autumn budget, announcing abolishment of the non-dom rules, as well as increases in capital gains tax rates and employers’ contributions to the National Insurance, among other things. In this Talking Points, Claire Shelemay reviews the most significant changes in the Autumn Budget and examines whether Labour did, in fact, keep their promises.
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