Overview

• Sir Keir Starmer, Angela Rayner, and Rachel Reeves have published their tax returns for the first time since Labour assumed power, covering the 2023-24 financial year.
• Starmer earned £152,255 during the period, including MP salary, book royalties, and interest on savings, and paid £54,718 in taxes at an overall rate of 35%.
• Rachel Reeves had less than £2,000 in taxable bank savings, earning only £64 in interest, raising questions about her financial transparency and savings policies.
• Starmer faced scrutiny for paying tax on £16,000 worth of donated clothes from Labour peer Lord Alli, highlighting the issue of non-cash benefits.
• The disclosures align with a growing trend of financial transparency in UK politics, following earlier debates over Rishi Sunak’s tax rates and fiscal accountability.