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Labour's Prime Minister Keir Starmer has indicated potential tax increases on capital gains and inheritance taxes, sparking debate over the definition of 'working people.' This comes ahead of the upcoming Budget, where significant fiscal changes are expected to address public service funding.
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UK landlords are selling properties at record rates, with 18% of homes for sale previously rented. This trend is driven by concerns over potential capital gains tax increases in the upcoming budget, alongside rising rental prices and regulatory pressures.
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Ahead of Chancellor Rachel Reeves' budget announcement on October 30, concerns over potential tax changes have led to increased withdrawals from pension pots. Investment firms report a surge in activity as savers react to speculation about cuts to tax-free benefits and pension allowances.