Labour's Tax Plans Raise Concerns Among Savers and Pensioners
Keir Starmer's definition of 'working people' sparks fears of broader tax hikes if Labour wins power.
- Labour leader Keir Starmer's comments suggest savers may not be classified as 'working people'.
- Potential tax changes could impact ISAs, personal savings allowances, and pension reliefs.
- Shadow Chancellor Rachel Reeves offers a slightly different stance, including pensioners as 'working people'.
- Experts warn of possible cuts to tax-free lump sums and inheritance tax allowances on pensions.
- Calls for clarity as uncertainty over Labour's tax policies causes financial anxiety.