Sir Keir Starmer heightened expectations of a capital gains tax hike by clarifying that 'working people' are those whose income is not primarily from stocks and shares.
The prime minister confirmed he would raise taxes on wealth, indicating that those whose main income comes from investments fall outside the 'working people' definition.
Starmer had to backtrack after an earlier suggestion that those with modest income from stocks might face tax hikes, leading to a clearer clarification from the PM.
The ongoing political discourse surrounding capital gains tax highlights the tension between economic policy and the promises made during the general election campaign.
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