WATCH: Reeves Refuses to Rule Out Wealth Tax

As speculation of a raft of tax hikes sends millionaires fleeing and businesses freezing their hiring plans, Rachel Reeves is doing little to calm any nerves. Speaking to reporters this afternoon she trotted out Labour’s ever-shifting definition of ‘working people’. The undefined ‘modest income’ was thrown into the mix yesterday…

Pressed on what tax hikes – including a wealth tax – could be in the Autumn Budget, Reeves said:

“We haven’t even set the date for the budget yet.