Advisers have warned of the tax planning implications following Keir Starmer’s resignation, with retail investors and businesses likely to be impacted if Wes Streeting’s “wealth tax that works” is implemented.
Reports from the BBC have confirmed that Andy Burnham, who has been sworn in as Makerfield MP today (22 June), plans to run for Labour leader and prime minister with former health secretary Wes Streeting's backing. Streeting is potentially in the running for the chancellor position if Rachel Reeves were to depart. With Burnham appearing a likely successor to Starmer, "bolder moves on taxation certainly appear to be a possibility", according to Charles Stanley Direct chief investment analyst Rob Morgan. Morgan stressed this is a time for anyone planning their finances to be on high ...
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