Shadow chancellor Rachel Reeves has ruled out any version of a wealth tax on the richest in society should Labour win the next general election.
She told the Sunday Telegraph extra money for public services would have to come from economic growth.
Ms Reeves confirmed Labour would not target expensive houses, increase capital gains tax or put up the top rate of income tax.
Ms Reeves confirmed Labour would not target expensive houses, increase capital gains tax or put up the top rate of income tax.
The shadow chancellor told the newspaper Labour would instead do “whatever it takes” to attract business investment into the UK.
The interview comes as Labour steps up efforts to demonstrate it can be trusted with the economy – and further distance itself from the policies of former leader Jeremy Corbyn – ahead of an election that is expected next year.
Ms Reeves also told the Sunday Telegraph her preparations for government include “spending an awful lot of time with businesses”.
Labour says it has it has attracted a surge of interest from businesses at its key party conference, which takes place in October. The party said the number of attendees at its business forum has gone up by 50% in a year.
The party’s leadership has been insisting for some time that it will not make unfunded spending commitments.
Shadow chancellor Rachel Reeves has ruled out any version of a wealth tax on the richest in society should Labour win the next general election.
Ms Reeves confirmed Labour would not target expensive houses, increase capital gains tax or put up the top rate of income tax.
She told the Sunday Telegraph extra money for public services would have to come from economic growth.
The shadow chancellor told the newspaper Labour would instead do “whatever it takes” to attract business investment into the UK.
Ms Reeves confirmed Labour would not target expensive houses, increase capital gains tax or put up the top rate of income tax.
Ms Reeves confirmed Labour would not target expensive houses, increase capital gains tax or put up the top rate of income tax.
The shadow chancellor told the newspaper Labour would instead do “whatever it takes” to attract business investment into the UK.
The interview comes as Labour steps up efforts to demonstrate it can be trusted with the economy – and further distance itself from the policies of former leader Jeremy Corbyn – ahead of an election that is expected next year.
Ms Reeves also told the Sunday Telegraph her preparations for government include “spending an awful lot of time with businesses”.
Labour says it has it has attracted a surge of interest from businesses at its key party conference, which takes place in October. The party said the number of attendees at its business forum has gone up by 50% in a year.
The party’s leadership has been insisting for some time that it will not make unfunded spending commitments.
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