This is a UK news story, published by Guardian, that relates primarily to Reeves news.
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UK taxGuardian
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79% Informative
Labour planned to use the money raised from wealthy individuals registered overseas for tax purposes to invest in ailing public services.
But Treasury officials fear estimates due to be released by the government’s spending watchdog may suggest the policy will fail to raise any money.
The Office for Budget Responsibility originally forecast that scrapping the tax break for wealthy foreigners could raise about 3.2bn a year.
Pressed on whether Reeves ’s speech to conference had implied there would be adjustments, he said: “I’m not going to get ahead of the budget, but obviously there’s a difference between the day-to-day spend and the borrowing [for] investment.” On Wednesday , the OECD thinktank gave Reeves an unexpected boost by saying the UK should rewrite its fiscal rules because the framework of a five-year rolling basis discouraged long-term public investment that would drive growth. It called the rules “short-termist.”.
VR Score
85
Informative language
86
Neutral language
46
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English
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51
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2
Source diversity
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