Labour to Launch £5bn Crackdown on Tax Avoiders to Bridge Spending Gap

Monday, 8 April 2024, 21:30

Labour Party announces plans for a £5bn crackdown on tax avoiders in response to a gap in their spending plans caused by the non-dom status removal. Rachel Reeves emphasizes tough measures against tax fraud and non-compliance to fund school breakfast clubs and additional NHS appointments.

https://store.livarava.com/53df4127-f5f7-11ee-8980-87cc5c87fb08.jpg — Labour to Launch £5bn Crackdown on Tax Avoiders to Bridge Spending Gap

Labour Party Announces £5bn Crackdown on Tax Avoiders

Funding needed to fill the budget gap created by the removal of the non-dom status by Jeremy Hunt will be directed towards essential services such as school breakfast clubs and NHS appointments. Rachel Reeves, a key figure in Labour, highlights the party's commitment to tackling tax fraud and non-compliance.

Key Points:

£5bn Crackdown: Labour plans to target tax avoiders to bridge the spending gap.
Tough Measures: Reeves warns of strict actions against tax fraud and non-compliance.
Social Impact: Funding to support free school breakfast clubs and NHS appointments.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.