Reeves Pledges No Increases to UK Wealth Taxes in Next Budget

Rachel Reeves vowed not to raise wealth taxes in her Autumn Budget, casting off speculation that the Chancellor of the Exchequer will increase levies to defend the UK’s fiscal buffer.

“We’re not interested in a wealth tax,” Reeves said in an interview with the Telegraph on Saturday. “Our priority is to grow the economy and that’s the way that you make working people better off and secure better public finances.”

That pledge includes the UK’s capital gains tax, which was last raised in the fall, Reeves said. “I think we’ve got the balance right there,” she told the newspaper.

Reeves ...