I’m often asked ‘Will I have enough money to retire? How much do most people have?’ The rather predictable answer is that everyone’s different. Big earners with big houses are often mortgaged and credit-carded to the hilt. And some of our biggest clients would seem, from the outside, not to have to ha’pennies (kids etc.) to rub together. The former will always assume that income and resources can be expanded to meet spending. The latter will alway worry and avoid spending, however many cruises we tell them they could take, hospital waiting lists they could jump or offsprings’ mortgages they could pay. And it will ever be, and has ever been thus.
“Rachel Reeves may be forced to raise taxes”
Why did she/they (in the old sense) think that tinkering around with IHT and CGT would be enough to sort out the NHS; and the potholes; and…and the list goes on. My guess is that they asked the Treasury for a list of anything not involving income tax that they could get away with lightly, although they should already have learned from the winter fuel stuff that all publicity is not good publicity.