As Chancellor Rachel Reeves prepares to deliver Labour’s first Budget in 14 years, there is significant interest in the potential fiscal changes on the horizon.
Prime Minister Sir Keir Starmer has highlighted that the focus will be on “making people better off,” outlining three key priorities: improving living standards, strengthening the NHS, and rebuilding the country, particularly in terms of housing.
While Starmer has acknowledged that those with the broadest shoulders may need to bear a heavier burden, he has also reinforced Labour’s commitment to not increasing taxes on working people. This has raised questions about possible adjustments to capital gains tax, inheritance tax, and pension contributions, as well as employers’ national insurance.
We would like to hear your thoughts on what you would like to see introduced in Reeves’ Budget. Should she focus on measures to support homeowners, such as the Freedom to Buy scheme? Or would you prefer a focus on closing tax loopholes, such as abolishing non-dom status, to ensure a fairer tax system?
Share your thoughts by adding them in the comments — we’ll highlight the most insightful ones as they come in.
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