Labour Unveils £2.6bn Tax Avoidance Plan for Free School Breakfasts and NHS Appointments
Labour has unveiled plans to tackle tax avoidance, aiming to raise £2.6bn over the next parliament. The party aims to reduce the 'tax gap' and fund free school breakfast clubs and additional NHS appointments.
Labour's measures include banning the use of family trusts to evade inheritance tax and scrapping the 50% discount in the first year of new rules. The party attributes the widening tax gap to HMRC's under-resourcing and inadequate revenue collection. Labour plans a £5bn crackdown on tax avoiders, aligning with calls from prominent figures like TUC general secretary Paul Nowak and businessman Julian Richer. The party aims to reduce the tax gap to previous levels after it increased by over £5bn in the past year.
Labour's draft plans, expected in mid to late November 2025, aim to address loopholes in the government's non-dom tax exemption abolition plan. The raised funds will go towards supporting the nation's children and healthcare services.
Read also:
- HLC Approves ₹4,645.60 Crore for Flood Recovery and Wetland Rejuvenation in Nine States
- Crooked House Pub's Demolition: Council Orders Rebuild, Debate on Historic Building Protections
- Shaping India's Economic Progression: Readying the Financial System for Tomorrow
- Ethiopia's Grand Dam: 15,000 Lives Lost, Water Concerns Unresolved
