UK's Reeves shrugs off 'scaremongering' tips higher taxes on the wealthy

  • The UK budget is Nov 26
Rachel Reeves
Rachel Reeves

The Guardian spoke with UK Chancellor Reeves and she offered some hints at what is coming Nov 26:

  • People didn't leave last year after higher taxes
  • Higher taxes on the wealthy "will be part of the story”
  • Reeves pointed to potential cost-savings from the use of new technologies
  • Said budget won't be a return to austerity
  • The Guardian writes: "There is also speculation she will revive plans to overhaul tax-free Isas to divert cash towards the UK stock market."

The later could offer a tailwind to the FTSE 100.

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