The government is now considering a tax on workers earning six-figure salaries, raising concerns about the definition of 'working people' as Labour approaches budget discussions.
As Labour tries to address a £40bn hole in their spending plans, there are growing fears that high taxes on higher earners may drive talent and wealth out of the UK.
With high earners contributing significantly to the tax base, Labour's tax hike risks losing not just wealth, but valuable professionals and leaders in various industries.
The Chancellor's upcoming budget on October 30 could set the stage for critical economic decisions, as uncertainties loom over tax burdens for those earning £100,000 or more.
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