CounterPunch | N St. Clair
Britain’s Labour Party, the likely winner in the nation’s next parliamentary elections, is showing no interest whatsoever in subjecting the UK’s richest to any significant tax hike. “We have no plans for a wealth tax,” Rachel Reeves, the Labour Party’s likely choice for finance minister, announced last summer — and no plans either to put in place a mansion tax or a higher levy on either capital gains or top tax-bracket income.
“I don’t see the way to prosperity as being through taxation,” Reeves went on. “I want to grow the economy.”