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Labour insists crackdown on tax dodgers can raise £5bn a year
Shadow chancellor Rachel Reeves speaking to the media during a visit to the Francis Crick Institute in London, April 3, 2024
LABOUR claimed yesterday that a proposed crackdown on tax dodgers would raise £5 billion a year to fund policies on the NHS and school breakfast clubs by the end of the next parliament.
Shadow chancellor Rachel Reeves said the plan to narrow the “tax gap” — the difference between the amount of money HM Revenue & Customs (HMRC) is owed and the amount it actually receives — was not “rocket science.”
The party also hopes to raise £2.6bn over the term of the next parliament by closing “loopholes” in the government’s plans to abolish non-dom exemptions.
Campaigners slam the Chancellor after Britain’s four biggest banks made a record £45.9bn in profits for 2024
