In the latest news, Rachel Reeves hints at a potential wealth tax in the upcoming Budget, under pressure from Labour’s union leaders. Meanwhile, the Duchess of Sussex discusses leveraging her global platform for clothing sales. With the Chancellor not ruling out taxing the wealthiest households, there are concerns about a potential “tax grab” to address the alleged £22bn deficit in public finances.
The possibility of a wealth tax has stirred debate and added to the anticipation of a challenging Budget announcement. As the Government grapples with economic issues, the influence of unions and high-profile individuals like Meghan Markle on political decisions is evident.
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