UK’s Reeves shrugs off ‘scaremongering’ tips higher taxes on the wealthy

The Guardian spoke with UK Chancellor Reeves and she offered some hints at what is coming Nov 26:

• People didn’t leave last year after higher taxes
• Higher taxes on the wealthy “will be part of the story”
• Reeves pointed to potential cost-savings from the use of new technologies
• Said budget won’t be a return to austerity
• The Guardian writes: “There is also speculation she will revive plans to overhaul tax-free Isas to divert cash towards the UK stock market.”

The later could offer a tailwind to the FTSE 100.

This article was written by Adam Button at investinglive.com.