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How will Labour plug the hole in the nation’s finances?

Ed Monk

Ed Monk - Fidelity International

This week, changes to the government’s tax and spending plans that many warned were coming got a little closer this week after Chancellor Rachel Reeves announced a £22bn hole in the public finances.

What does that mean for our finances, what tax changes could come and why might it be a mistake to try to pre-empt any changes to tax rules?

Important information: The value of investments and the income from them, can go down as well as up, so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. Overseas investments will be affected by movements in currency exchange rates. Reference to specific securities should not be construed as a recommendation to buy or sell these securities and is included for the purposes of illustration only. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser.


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