UK’s Labour faces backlash over pledge for no further tax rises

Rachel Reeves, UK shadow chancellor of the exchequer. (Image: Bloomberg)

Wed, 30 Aug 2023

By Philip AldrickBritain’s opposition Labour party is facing a backlash from its left wing after ruling out wealth taxes and promising to cut business regulations as it looks to shore up its economic credentials ahead of a general election expected next year.In an interview over the weekend, shadow chancellor of the Exchequer, Rachel Reeves, said Labour would not propose any tax increases beyond those already committed because the burden is already high enough, as she sought to neutralise traditional Conservative party claims that Labour...

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