British Finance Minister avoids tax talk before budget

British Finance Minister John Hately emphasized that no details of the tax policy will be disclosed before the upcoming Labour Party government budget announcement on October 28. He clarified that any current statements could increase expectations regarding fiscal measures, as the government faces pressure to boost revenues to counter rising borrowing costs and finance plans for developing public services, social care, and defense. This is while remaining committed to the promise of not raising taxes on income, value-added tax, or corporations, which has brought attention to the possibility of adjusting taxes on capital gains or property, or imposing taxes on wealth.

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