Budget chaos as a tax on high earners is ruled out. 

Labour has caused confusion over tax plans for high earners, as Minister Stephen Kinnock failed to clarify if those earning over £100,000 would face tax hikes ahead of the upcoming Budget. Sources later confirmed these earners are considered “working people,” aligning with Labour’s pledge not to raise taxes on them. Concerns persist about a potential “exodus of the wealthy” from the UK.