This Is Money: Could you get hit by a Labour tax raid?

  • Home
  • /
  • Podcasts
  • /
  • This Is Money: Could you get hit by a Labour tax raid? - 31 Aug 24
Georgie Frost

This Is Money: Could you get hit by a Labour tax raid?

Georgie Frost
Original Broadcast:

This is Money

This Is Money: Could you get hit by a Labour tax raid?
A bad news Budget looks to be on the cards after Labour continued to pour cold water on optimism following its election victory. Prime Minister Keir Starmer delivered a gloomy speech saying the Budget was going to be painful, hot on the heels of Chancellor Rachel Reeves' own gloom-mongering. But having made a promise not to raise the rates of income tax, national insurance, VAT and corporation tax, where will the Government try to raise cash? Starmer said tax rises would target those with the 'broadest shoulders' but who are they — and are there really enough of the very wealthy to target or will the burden be more likely to fall once again on those in the rich middle? We look at what taxes could rise and what a capital gains tax, pension, inheritance or other raid could mean for people. Plus, Britain's biggest mortgage lender Halifax is upping what it will lend first-time buyers, Crane goes on the case of an Evri bungle and asks: shouldn't you be within your rights to expect a parcel to arrive? And finally, with the Oasis ticket scramble in full effect and ticket prices sky high, can you protect against a potential Gallagher brother blow up or anything else that would stop you going? (If, that is, you can get tickets in the first place, of course!).
Guest:

Helen Crane


Published:

Topics: HMRC (in Tax); UK (in Economics); Family Finance (in Personal Finance)


Listen
View all podcasts