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UK's Starmer Says Owners of Shares Don't Count as 'Working People' | Bloomberg The Pulse 10/25/24
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October 25, 2024
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42:42Now PlayingUK Prime Minister Keir Starmer says owners of shares don't count as 'working people,' suggesting he's willing to raise taxes on investors. This as UK Chancellor of the Exchequer Rachel Reeves confirms a fiscal overhaul that could allow the government to borrow as much as £70 billion as Labour defends its tax proposals ahead of a budget announcement. In markets, ECB governing council member Pierre Wunsch says it's far too early to start considering a half-point rate cut in December, while Mercedes sees a fall in profitability at the German carmaker amid slumping Chinese demand.
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